American Institute for Advanced Investment Management LLP has $1.27 million position in The Home Depot, Inc. (NYSE: HD)


American Institute for Advanced Investment Management LLP reduced its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating ) by 1.6% during the first quarter, Holdings Channel.com reports. The firm owned 4,248 shares of the home improvement retailer’s stock after selling 70 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Home Depot were worth $1,272,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HD. Rinkey Investments purchased a new position in shares of Home Depot during the 4th quarter valued at $25,000. Shore Point Advisors LLC acquired a new position in Home Depot during the fourth quarter valued at $26,000. Barnett & Company Inc. increased its holdings in Home Depot by 173.1% in the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Retirement Group LLC raised its position in shares of Home Depot by 111.1% during the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. Finally, Family CFO Inc bought a new position in shares of Home Depot in the 4th quarter valued at approximately $42,000. 70.61% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on HD. Wedbush reduced their price objective on Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 18th. DA Davidson cut their target price on Home Depot from $354.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, May 18th. OTR Global downgraded Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Evercore ISI cut their target price on Home Depot to $360.00 in a research report on Thursday, June 9th. Finally, Truist Financial reduced their price objective on Home Depot from $405.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, May 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and an average target price of $369.82, according to MarketBeat.com.

Shares of Home Depot opened at $279.08 on Monday. The company has a debt-to-equity ratio of 35.47, a quick earnings ratio of 0.28 and a current ratio of 1.11. The firm has a market cap of $286.83 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 0.98. The business’s fifty day moving average is $291.54 and its two hundred day moving average is $327.02. Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61.

Home Depot (NYSE:HD – Get Rating ) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. Business revenues increased by 3.8% year-on-year. In the same quarter last year, the firm earned $3.86 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 16.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1st. This represents an annualized dividend of $7.60 and a dividend yield of 2.72%. Home Depot’s payout ratio is currently 48.25%.

In related news, Becker Director Caryn Seidman acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $431,595. The purchase was disclosed in a legal filing with the Securities and Exchange Commission, which is available via this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. Disclosure of this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Company Profile (Get Rating)

Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products and decorating products, as well as equipment maintenance, repair and operation products. The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems and windows.

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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider deals for The Home Depot, Inc. (NYSE:HD – Get Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)



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