Goldstein Advisors LLC Has $911,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Goldstein Advisors LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,486 shares of the home improvement retailer’s stock after purchasing an additional 171 shares during the period. Goldstein Advisors LLC’s holdings in Home Depot were worth $911,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Group Ltd. lifted its holdings in shares of Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after acquiring an additional 27 shares during the last quarter. Sollinda Capital Management LLC lifted its holdings in shares of Home Depot by 2.5% in the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer’s stock worth $434,000 after acquiring an additional 27 shares during the last quarter. Hurlow Wealth Management Group Inc. lifted its holdings in shares of Home Depot by 1.3% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer’s stock worth $831,000 after acquiring an additional 27 shares during the last quarter. Invst LLC lifted its holdings in shares of Home Depot by 0.4% in the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer’s stock worth $2,621,000 after acquiring an additional 28 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC lifted its holdings in shares of Home Depot by 2.0% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer’s stock worth $577,000 after acquiring an additional 29 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.4%

NYSE:HD opened at $361.96 on Thursday. The firm’s 50-day moving average price is $363.10 and its 200-day moving average price is $378.66. The company has a market capitalization of $360.12 billion, a PE ratio of 24.56, a P/E/G ratio of 3.43 and a beta of 1.02. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. During the same period last year, the company posted $3.63 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HD. Guggenheim restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Jefferies Financial Group lowered their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada lowered their price target on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $426.77.

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

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.