Well Done LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Well Done LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,686 shares of the home improvement retailer’s stock after buying an additional 236 shares during the quarter. Well Done LLC’s holdings in Home Depot were worth $1,045,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. K.J. Harrison & Partners Inc increased its position in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after purchasing an additional 3,590 shares during the last quarter. Wealth Management Partners LLC increased its position in shares of Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after purchasing an additional 36 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Home Depot by 19.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock worth $9,242,000 after purchasing an additional 3,873 shares during the last quarter. Disciplined Investors L.L.C. purchased a new position in shares of Home Depot during the fourth quarter worth approximately $409,000. Finally, ARS Wealth Advisors Group LLC raised its stake in shares of Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock worth $11,628,000 after acquiring an additional 239 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $346.41 on Thursday. The stock has a market cap of $344.65 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The firm’s fifty day simple moving average is $362.86 and its 200 day simple moving average is $381.18. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.63 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.66%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Morgan Stanley reissued an “overweight” rating and set a $415.00 price target (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Robert W. Baird decreased their price target on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. Stifel Nicolaus raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Finally, Wedbush reissued an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot 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.