Jackson Wealth Management LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Jackson Wealth Management LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,808 shares of the home improvement retailer’s stock after purchasing an additional 252 shares during the quarter. Jackson Wealth Management LLC’s holdings in Home Depot were worth $1,461,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bare Financial Services Inc purchased a new stake in shares of Home Depot in the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the 4th quarter worth about $27,000. Keener Financial Planning LLC acquired a new position in Home Depot in the 4th quarter worth about $31,000. Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter worth about $35,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HD. Wells Fargo & Company reduced their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Stifel Nicolaus upped their price target on Home Depot from $374.00 to $380.00 and gave the stock a “hold” rating in a report on Monday, July 15th. TD Cowen reduced their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $381.40.

Home Depot Stock Down 0.9 %

Home Depot stock traded down $3.15 during midday trading on Friday, reaching $355.43. The company’s stock had a trading volume of 3,764,790 shares, compared to its average volume of 3,182,945. The business has a 50-day simple moving average of $346.18 and a 200-day simple moving average of $353.46. 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 Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a market cap of $352.45 billion, a P/E ratio of 23.84, a P/E/G ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the firm earned $3.82 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors 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 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot 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.