D Orazio & Associates Inc. Raises Stock Position in The Home Depot, Inc. (NYSE:HD)

D Orazio & Associates Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 10.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,354 shares of the home improvement retailer’s stock after buying an additional 328 shares during the period. D Orazio & Associates Inc.’s holdings in Home Depot were worth $1,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navigoe LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $32,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $39,000. Finally, NewSquare Capital LLC lifted its holdings in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Telsey Advisory Group reissued an “outperform” rating on shares of Home Depot in a research note on Monday, June 2nd. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. TD Securities downgraded shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Finally, DA Davidson decreased their price objective on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Insider Buying and Selling at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of NYSE:HD opened at $354.10 on Friday. The company has a market capitalization of $352.31 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a 50 day moving average of $362.73 and a 200 day moving average of $382.50.

Home Depot (NYSE:HD) last issued its quarterly 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 for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

About Home Depot

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.