Hoxton Planning & Management LLC Acquires 61 Shares of The Home Depot, Inc. (NYSE:HD)

Hoxton Planning & Management LLC boosted its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,829 shares of the home improvement retailer’s stock after purchasing an additional 61 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Home Depot were worth $702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Algert Global LLC bought a new position in shares of Home Depot during the 3rd quarter valued at approximately $245,000. Mather Group LLC. raised its holdings in Home Depot by 39.1% during the 3rd quarter. Mather Group LLC. now owns 13,219 shares of the home improvement retailer’s stock valued at $3,994,000 after buying an additional 3,717 shares during the period. Vinva Investment Management Ltd raised its holdings in Home Depot by 33.2% during the 3rd quarter. Vinva Investment Management Ltd now owns 14,029 shares of the home improvement retailer’s stock valued at $4,258,000 after buying an additional 3,497 shares during the period. Valley National Advisers Inc. raised its holdings in Home Depot by 7.5% during the 3rd quarter. Valley National Advisers Inc. now owns 1,134 shares of the home improvement retailer’s stock valued at $343,000 after buying an additional 79 shares during the period. Finally, Trexquant Investment LP raised its holdings in Home Depot by 300.3% during the 3rd quarter. Trexquant Investment LP now owns 8,371 shares of the home improvement retailer’s stock valued at $2,529,000 after buying an additional 6,280 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on Thursday, May 16th. The stock was 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 in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD traded down $12.56 during trading on Tuesday, reaching $338.32. The stock had a trading volume of 4,894,554 shares, compared to its average volume of 3,447,756. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The business has a fifty day moving average price of $337.91 and a 200-day moving average price of $352.58. The stock has a market cap of $335.48 billion, a PE ratio of 22.72, a PEG ratio of 2.46 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HDGet Free Report) last released 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 company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.82 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HD. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. UBS Group reduced their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Wells Fargo & Company reduced their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Citigroup reduced their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $377.46.

Read Our Latest Stock Report on HD

About Home Depot

(Free Report)

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 d├ęcor 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.

Recommended Stories

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.