Douglas Lane & Associates LLC Purchases 259 Shares of The Home Depot, Inc. (NYSE:HD)

Douglas Lane & Associates LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,676 shares of the home improvement retailer’s stock after acquiring an additional 259 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Home Depot were worth $11,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bey Douglas LLC bought a new position in shares of Home Depot during the fourth quarter worth about $913,000. Hartline Investment Corp grew its stake in Home Depot by 3.0% in the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after purchasing an additional 460 shares in the last quarter. Wolf Group Capital Advisors grew its stake in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after purchasing an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new position in Home Depot in the fourth quarter valued at approximately $253,000. Finally, Zullo Investment Group Inc. grew its stake in Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after purchasing an additional 504 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America lifted their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wedbush reissued an “outperform” rating and set a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. DA Davidson reissued a “neutral” rating and set a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Finally, Guggenheim reissued a “buy” rating and set a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Check Out Our Latest Analysis on HD

Home Depot Trading Up 0.7 %

Shares of HD stock traded up $2.36 during trading hours on Friday, hitting $355.80. The company had a trading volume of 6,596,539 shares, compared to its average volume of 3,061,367. The company’s fifty day moving average is $337.65 and its 200 day moving average is $352.23. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock has a market capitalization of $352.81 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for 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%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.82 EPS. Research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.53%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Home Depot Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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