The Home Depot, Inc. (NYSE:HD) Holdings Lowered by Atticus Wealth Management LLC

Atticus Wealth Management LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,449 shares of the home improvement retailer’s stock after selling 86 shares during the quarter. Atticus Wealth Management LLC’s holdings in Home Depot were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC raised its holdings in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $35,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD stock traded up $2.75 during trading on Friday, reaching $344.24. The company had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The firm’s 50 day simple moving average is $338.51 and its two-hundred day simple moving average is $352.74. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market capitalization of $341.35 billion, a PE ratio of 23.09, a PEG ratio of 2.38 and a beta of 1.00.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction 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 sale, 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 this link. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Evercore ISI boosted their target price on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. HSBC dropped their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Citigroup dropped their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Guggenheim reissued a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. 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 company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $378.42.

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.