The Home Depot, Inc. (NYSE:HD) Shares Bought by Madrona Financial Services LLC

Madrona Financial Services LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 3.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,532 shares of the home improvement retailer’s stock after purchasing an additional 77 shares during the period. Madrona Financial Services LLC’s holdings in Home Depot were worth $971,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HD. Royal London Asset Management Ltd. lifted its position in shares of Home Depot by 24.3% in the third quarter. Royal London Asset Management Ltd. now owns 620,297 shares of the home improvement retailer’s stock valued at $187,358,000 after acquiring an additional 121,315 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Home Depot by 119.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock valued at $890,000 after acquiring an additional 1,605 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Home Depot by 5.7% in the third quarter. Baker Avenue Asset Management LP now owns 22,859 shares of the home improvement retailer’s stock valued at $6,907,000 after acquiring an additional 1,235 shares in the last quarter. Adalta Capital Management LLC lifted its position in shares of Home Depot by 0.4% in the third quarter. Adalta Capital Management LLC now owns 28,152 shares of the home improvement retailer’s stock valued at $8,507,000 after acquiring an additional 99 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in Home Depot by 31.4% during the third quarter. Crestwood Advisors Group LLC now owns 286,370 shares of the home improvement retailer’s stock worth $86,530,000 after buying an additional 68,354 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction that occurred 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 owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the stock from $352.00 to $395.00 in a research report on Wednesday, June 26th. 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 report on Monday, April 1st. HSBC reduced their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. 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 report on Wednesday, May 15th. Finally, Evercore ISI increased their target price on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $378.42.

Home Depot Price Performance

Shares of NYSE HD opened at $333.64 on Thursday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The company has a market capitalization of $330.84 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.98. The business has a 50 day simple moving average of $338.43 and a 200-day simple moving average of $352.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share 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 the consensus estimate of $36.65 billion. During the same period in the previous year, the business earned $3.82 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share 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. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. Home Depot’s dividend payout ratio is currently 60.36%.

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.