Cable Hill Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 13.9% in the first quarter, HoldingsChannel reports. The fund owned 3,322 shares of the home improvement retailer’s stock after acquiring an additional 406 shares during the period. Cable Hill Partners LLC’s holdings in Home Depot were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Financial Gravity Asset Management Inc. bought a new stake in shares of Home Depot during the first quarter valued at approximately $406,000. Wealth Management Partners LLC grew its stake in 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 valued at $2,384,000 after acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV increased its holdings in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer’s stock valued at $1,757,000 after acquiring an additional 221 shares during the last quarter. Disciplined Investors L.L.C. bought a new stake in Home Depot in the 4th quarter valued at $409,000. Finally, ARS Wealth Advisors Group LLC lifted its stake in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock worth $11,628,000 after purchasing an additional 239 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Home Depot
In other news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on 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 transaction, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Home Depot
Home Depot Stock Down 3.0%
Shares of NYSE:HD opened at $359.19 on Wednesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market cap of $357.37 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The business’s 50 day moving average is $366.31 and its 200 day moving average is $375.02. 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 – Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period last year, the company earned $3.63 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side 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. Investors of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.56%. Home Depot’s dividend payout ratio (DPR) is currently 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.
Recommended Stories
- Five stocks we like better than Home Depot
- How to trade penny stocks: A step-by-step guide
- These 2025 Outperformers Just Unlocked Buyback Fuel
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Delta Air Lines Stock Rallies on New Guidance—Can It Keep Going?
- What is a SEC Filing?
- Expect Robust Growth From These 3 Cybersecurity Leaders
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.