JFS Wealth Advisors LLC Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

JFS Wealth Advisors LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the home improvement retailer’s stock after selling 125 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Home Depot were worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. K.J. Harrison & Partners Inc raised its stake in shares of Home Depot by 65.2% during 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 acquiring an additional 3,590 shares in the last quarter. Wealth Management Partners LLC raised its stake in shares of Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock worth $2,384,000 after acquiring an additional 36 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Home Depot by 19.5% during 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 acquiring an additional 3,873 shares in 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 owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following 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 disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. 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. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 price target (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Robert W. Baird cut their target price on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Finally, KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. 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, the stock has an average rating of “Moderate Buy” and an average price target of $426.77.

Home Depot Stock Performance

NYSE:HD opened at $350.21 on Monday. The stock has a market cap of $348.44 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The firm’s fifty day simple moving average is $362.65 and its 200 day simple moving average is $379.42. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

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.