Pure Portfolios Holdings LLC Acquires 28 Shares of The Home Depot, Inc. (NYSE:HD)

Pure Portfolios Holdings LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 623 shares of the home improvement retailer’s stock after purchasing an additional 28 shares during the quarter. Pure Portfolios Holdings LLC’s holdings in Home Depot were worth $228,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Navigoe LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $29,000. Quarry LP boosted its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $39,000. Spurstone Advisory Services LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $45,000. Finally, Vega Investment Solutions bought a new position in shares of Home Depot in the 4th quarter valued at about $46,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares of the company’s stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

NYSE HD opened at $371.36 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a market capitalization of $369.47 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The firm’s 50 day moving average is $365.14 and its 200-day moving average is $376.21.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter last year, the business earned $3.63 earnings per share. Home Depot’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Robert W. Baird cut their price target on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley reiterated an “overweight” rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Stifel Nicolaus upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Finally, Gordon Haskett increased their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $426.77.

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.