Douglas Lane & Associates LLC Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Douglas Lane & Associates LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,586 shares of the home improvement retailer’s stock after selling 90 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Home Depot were worth $10,185,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC grew its holdings in Home Depot by 13.5% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 899 shares of the home improvement retailer’s stock valued at $312,000 after buying an additional 107 shares in the last quarter. Argus Investors Counsel Inc. boosted its position in shares of Home Depot by 0.8% during the 4th quarter. Argus Investors Counsel Inc. now owns 6,729 shares of the home improvement retailer’s stock valued at $2,332,000 after acquiring an additional 56 shares during the last quarter. Regency Capital Management Inc. DE boosted its position in shares of Home Depot by 22.0% during the 4th quarter. Regency Capital Management Inc. DE now owns 2,803 shares of the home improvement retailer’s stock valued at $971,000 after acquiring an additional 506 shares during the last quarter. Leavell Investment Management Inc. boosted its position in shares of Home Depot by 0.3% during the 4th quarter. Leavell Investment Management Inc. now owns 43,864 shares of the home improvement retailer’s stock valued at $15,201,000 after acquiring an additional 147 shares during the last quarter. Finally, Semus Wealth Partners LLC boosted its position in shares of Home Depot by 5.2% during the 4th quarter. Semus Wealth Partners LLC now owns 1,035 shares of the home improvement retailer’s stock valued at $359,000 after acquiring an additional 51 shares during the last quarter. 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 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 sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HD shares. Stifel Nicolaus lifted their price target on Home Depot from $374.00 to $380.00 and gave the company a “hold” rating in a research report on Monday, July 15th. HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Jefferies Financial Group began coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $352.00 to $395.00 in a research report on Wednesday, June 26th. Finally, TD Cowen dropped their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $384.00.

Home Depot Stock Up 1.1 %

Shares of Home Depot stock traded up $3.72 during trading on Tuesday, hitting $353.73. The company’s stock had a trading volume of 2,830,862 shares, compared to its average volume of 3,408,902. 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 company has a fifty day simple moving average of $346.68 and a two-hundred day simple moving average of $353.39. The company has a market capitalization of $350.76 billion, a PE ratio of 23.91, a P/E/G ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $3.82 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.54%. Home Depot’s payout ratio is 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.