WealthCare Investment Partners LLC Purchases New Shares in The Home Depot, Inc. (NYSE:HD)

WealthCare Investment Partners LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the first quarter, HoldingsChannel reports. The fund purchased 534 shares of the home improvement retailer’s stock, valued at approximately $205,000.

Other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares during the period. Norges Bank purchased a new position in Home Depot in the 4th quarter worth about $4,311,070,000. Fisher Asset Management LLC increased its stake in Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after buying an additional 195,670 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Home Depot by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock worth $2,240,783,000 after buying an additional 82,672 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD traded down $0.09 on Thursday, hitting $341.73. 571,818 shares of the company’s stock traded hands, compared to its average volume of 3,424,402. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm’s 50-day moving average price is $337.98 and its two-hundred day moving average price is $352.67. The firm has a market capitalization of $338.86 billion, a PE ratio of 22.92, a P/E/G ratio of 2.34 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate 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 business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the previous year, the business posted $3.82 EPS. The business’s quarterly revenue 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 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.63%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HD shares. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Mizuho started coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Wedbush reissued an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Finally, StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $378.42.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of Home Depot 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 completion of the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.