Horizon Wealth Management LLC Buys 65 Shares of The Home Depot, Inc. (NYSE:HD)

Horizon Wealth Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 12.0% during the first quarter, HoldingsChannel reports. The firm owned 607 shares of the home improvement retailer’s stock after purchasing an additional 65 shares during the period. Horizon Wealth Management LLC’s holdings in Home Depot were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fortress Financial Group LLC grew its position in shares of Home Depot by 5.7% during the 1st quarter. Fortress Financial Group LLC now owns 630 shares of the home improvement retailer’s stock worth $231,000 after buying an additional 34 shares in the last quarter. Constitution Capital LLC grew its position in shares of Home Depot by 3.0% during the 1st quarter. Constitution Capital LLC now owns 23,683 shares of the home improvement retailer’s stock worth $8,680,000 after buying an additional 700 shares in the last quarter. Udine Wealth Management Inc. grew its position in shares of Home Depot by 6.8% during the 1st quarter. Udine Wealth Management Inc. now owns 5,898 shares of the home improvement retailer’s stock worth $2,162,000 after buying an additional 378 shares in the last quarter. Pines Wealth Management LLC grew its position in shares of Home Depot by 10.0% during the 1st quarter. Pines Wealth Management LLC now owns 3,938 shares of the home improvement retailer’s stock worth $1,320,000 after buying an additional 357 shares in the last quarter. Finally, Eagle Rock Investment Company LLC grew its position in shares of Home Depot by 9.4% during the 1st quarter. Eagle Rock Investment Company LLC now owns 1,289 shares of the home improvement retailer’s stock worth $472,000 after buying an additional 111 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HD shares. Wedbush reissued an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Robert W. Baird dropped their price target on Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Trading Down 0.5%

Home Depot stock opened at $367.45 on Friday. The stock has a 50-day moving average of $361.63 and a two-hundred day moving average of $384.72. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.93 and a one year high of $439.37. The stock has a market cap of $365.59 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. During the same quarter last year, the business posted $3.63 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

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.