Wealthcare Advisory Partners LLC Boosts Position in The Home Depot, Inc. (NYSE:HD)

Wealthcare Advisory Partners LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 44.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,252 shares of the home improvement retailer’s stock after purchasing an additional 11,845 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Home Depot were worth $14,674,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bey Douglas LLC purchased a new stake in Home Depot in the 4th quarter worth $913,000. Hartline Investment Corp boosted its stake in Home Depot by 3.0% during the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after purchasing an additional 460 shares during the last quarter. Wolf Group Capital Advisors boosted its stake in Home Depot by 6.1% during the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares during the last quarter. Alliance Wealth Management Group acquired a new stake in Home Depot during the 4th quarter worth $253,000. Finally, Zullo Investment Group Inc. boosted its stake in Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after purchasing an additional 504 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.4 %

NYSE:HD traded up $1.41 on Thursday, reaching $343.23. 262,324 shares of the company’s stock were exchanged, compared to its average volume of 3,421,885. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a market capitalization of $340.35 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The business has a fifty day moving average of $337.98 and a 200-day moving average of $352.67. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period in the prior year, the firm earned $3.82 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. Home Depot’s payout ratio is 60.36%.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Evercore ISI boosted their price target on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Wedbush reissued an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. Guggenheim reissued a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Finally, Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Home Depot 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.