Annapolis Financial Services LLC Trims Stake in The Home Depot, Inc. (NYSE:HD)

Annapolis Financial Services LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 22.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 835 shares of the home improvement retailer’s stock after selling 244 shares during the quarter. Annapolis Financial Services LLC’s holdings in Home Depot were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Research Global Investors increased 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 valued at $5,117,016,000 after acquiring an additional 992,444 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Home Depot by 2.7% in the fourth 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 purchasing an additional 347,614 shares in the last quarter. Norges Bank purchased a new stake in shares of Home Depot during the fourth quarter valued at about $4,311,070,000. Fisher Asset Management LLC boosted its holdings in shares of 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 valued at $3,050,363,000 after buying an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of 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 last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. 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 target price for the company. TD Cowen dropped their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Wedbush reiterated an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a research note on Friday, May 10th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Finally, Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $378.42.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock traded up $2.75 on Friday, hitting $344.24. The company’s stock had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The company has a market capitalization of $341.35 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.38 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. 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 firm has a fifty day moving average price of $338.51 and a 200-day moving average price of $352.74.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. 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 earned $3.82 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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.