Horizon Wealth Management LLC Has $239,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Horizon Wealth Management LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624 shares of the home improvement retailer’s stock after selling 51 shares during the quarter. Horizon Wealth Management LLC’s holdings in Home Depot were worth $239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter valued at approximately $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the 4th quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC raised its stake in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 2.1 %

Shares of NYSE:HD traded down $7.31 during midday trading on Monday, hitting $336.93. The stock had a trading volume of 1,311,597 shares, compared to its average volume of 3,449,582. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The business’s 50-day simple moving average is $338.51 and its 200-day simple moving average is $352.80. The company has a market cap of $334.10 billion, a P/E ratio of 22.64, a PEG ratio of 2.38 and a beta of 0.99.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $36.65 billion. During the same quarter last year, the firm posted $3.82 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced 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 2.67%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HD shares. 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 note on Tuesday, May 14th. TD Cowen lowered their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Raymond James reissued a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their price target for the company from $352.00 to $395.00 in a report on Wednesday, June 26th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $378.42.

Insider Transactions at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was 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 owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

About Home Depot

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.