Texas Yale Capital Corp. Has $37.95 Million Position in The Home Depot, Inc. (NYSE:HD)

Texas Yale Capital Corp. decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,537 shares of the home improvement retailer’s stock after selling 1,262 shares during the quarter. Home Depot comprises approximately 1.6% of Texas Yale Capital Corp.’s investment portfolio, making the stock its 6th largest position. Texas Yale Capital Corp.’s holdings in Home Depot were worth $37,945,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HD. Asset Planning Services Inc. LA ADV grew its position in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock worth $6,954,431,000 after buying an additional 18,956,701 shares during the period. GAMMA Investing LLC grew its position in shares of Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the period. Northern Trust Corp grew its position in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $471,189,000. Finally, APG Asset Management N.V. grew its position in shares of Home Depot by 559.5% during the 4th quarter. APG Asset Management N.V. now owns 1,032,082 shares of the home improvement retailer’s stock worth $387,706,000 after buying an additional 875,591 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% 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.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Gordon Haskett lifted their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Mizuho reduced their price target on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Trading Up 0.6%

Shares of Home Depot stock opened at $375.17 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock’s 50-day simple moving average is $365.59 and its 200 day simple moving average is $373.84. The stock has a market capitalization of $373.27 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.57 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09.

Home Depot (NYSE:HD) 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 analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the prior year, the firm posted $3.63 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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. This represents a $9.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio is currently 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.