St. Johns Investment Management Company LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating ) by 7.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,521 shares of the home improvement retailer’s stock after selling 387 shares during the quarter. The holdings of St. Johns Investment Management Company LLC’s holdings in Home Depot were worth $1,353,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of HD. Rinkey Investments acquired a new stake in Home Depot during the 4th quarter valued at $25,000. Shore Point Advisors LLC acquired a new stake in Home Depot during the 4th quarter valued at $26,000. Barnett & Company Inc. grew its stake in Home Depot by 173.1% during the 4th quarter. Now Barnett & Company Inc. owns 71 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 45 shares during the period. Retirement Group LLC boosted its stake in Home Depot by 111.1% during the 4th quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Finally, Family CFO Inc acquired a new stake in Home Depot during the 4th quarter valued at $42,000. 70.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:HD opened at $279.08 on Monday. Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The stock has a market cap of $286.83 billion, a PE ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 0.98. The business has a 50-day moving average of $291.54 and a 200-day moving average of $327.02. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 35.47.
Home Depot (NYSE:HD – Get Rating ) last issued its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. In the same quarter last year, the company reported $3.86 earnings per share. Business revenues increased by 3.8% year-on-year. Equities analysts expect that The Home Depot, Inc. will report 16.47 earnings per share for the current year.
The company also recently disclosed 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. This represents an annualized dividend of $7.60 and a dividend yield of 2.72%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio is currently 48.25%.
HD has been the subject of several recent research reports. 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 note on Wednesday, May 18th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Gordon Haskett downgraded Home Depot from a “buy” rating to an “hold” rating in a research note on Friday, May 6th. Guggenheim cut their price objective on Home Depot from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Wednesday, May 18th. Finally, Evercore ISI lowered their target price on Home Depot to $360.00 in a research report on Thursday, June 9th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Moderate Buy” and a consensus target price of $369.82, according to MarketBeat.
In related news, EVP Hector A. Padilla sold 136 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares in the company, valued at $3,248,052.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Becker Director Caryn Seidman purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average price of $287.73 per share, with a total value of $431,595.00. Following the completion of the purchase, the director now owns 1,500 shares of the company’s stock, valued at approximately $431,595. Disclosure of this purchase can be found here. Insiders own 0.17% of the company’s stock.
Home Depot 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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