Opal Wealth Advisors LLC Acquires 35 Shares of The Home Depot, Inc. (NYSE:HD)

Opal Wealth Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,207 shares of the home improvement retailer’s stock after purchasing an additional 35 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Home Depot were worth $809,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HD. Navigoe LLC bought a new stake in shares of Home Depot during the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the fourth quarter worth $32,000. Quarry LP raised its position in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the fourth quarter worth $39,000. Finally, NewSquare Capital LLC raised its position in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 2.5%

NYSE:HD opened at $354.10 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $352.31 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 4.03 and a beta of 1.02. The stock has a 50-day moving average price of $362.73 and a two-hundred day moving average price of $382.81.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.63 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating on shares of Home Depot in a research report on Monday, June 2nd. Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Royal Bank of Canada decreased their price objective on Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research note on Thursday, May 15th. Mizuho decreased their price objective on Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.