Retirement Planning Group LLC Purchases 141 Shares of The Home Depot, Inc. (NYSE:HD)

Retirement Planning Group LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 18.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 888 shares of the home improvement retailer’s stock after purchasing an additional 141 shares during the quarter. Retirement Planning Group LLC’s holdings in Home Depot were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bey Douglas LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $913,000. Hartline Investment Corp raised its position in shares of Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after buying an additional 460 shares during the last quarter. Wolf Group Capital Advisors lifted its holdings in shares of Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new position in shares of Home Depot during the fourth quarter worth $253,000. Finally, Zullo Investment Group Inc. lifted its stake in Home Depot by 6.6% in 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 in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. TD Cowen cut their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. UBS Group dropped their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Evercore ISI upped their target price 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $377.46.

View Our Latest Analysis on HD

Home Depot Stock Down 3.6 %

Shares of NYSE:HD traded down $12.56 during trading hours on Tuesday, hitting $338.32. The company’s stock had a trading volume of 4,876,707 shares, compared to its average volume of 3,447,608. The firm’s fifty day moving average price is $337.91 and its 200 day moving average price is $352.58. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a market capitalization of $335.48 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.46 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.82 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

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

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated 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 $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Home Depot Company Profile

(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.

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

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