Signaturefd LLC Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Signaturefd LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 47,782 shares of the home improvement retailer’s stock after buying an additional 479 shares during the period. Signaturefd LLC’s holdings in Home Depot were worth $17,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Navigoe LLC bought a new position in shares of Home Depot during the 4th quarter valued at $29,000. Abound Financial LLC bought a new position in shares of Home Depot during the 1st quarter valued at $31,000. Quarry LP grew its holdings in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in Home Depot in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.8%

Shares of HD stock opened at $370.15 on Monday. The company has a market capitalization of $368.27 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.52 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company’s fifty day moving average price is $366.14 and its 200-day moving average price is $375.29. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion for 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 firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.63 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. Home Depot’s payout ratio is 62.42%.

Analyst Ratings Changes

A number of brokerages have issued reports on HD. Guggenheim reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Morgan Stanley reissued an “overweight” rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Finally, Jefferies Financial Group cut their price target on shares of Home Depot from $461.00 to $456.00 in a report 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 sale, the executive vice president directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $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 company insiders.

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.