Capital Investment Counsel Inc Sells 1,134 Shares of The Home Depot, Inc. (NYSE:HD)

Capital Investment Counsel Inc decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 20.0% in the first quarter, HoldingsChannel reports. The firm owned 4,538 shares of the home improvement retailer’s stock after selling 1,134 shares during the quarter. Capital Investment Counsel Inc’s holdings in Home Depot were worth $1,663,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HD. Wealth Group Ltd. increased 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 buying an additional 27 shares during the last quarter. Brighton Jones LLC increased its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Snider Financial Group raised its holdings in Home Depot by 90.7% during the 4th quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer’s stock valued at $559,000 after buying an additional 683 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after buying an additional 565 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in Home Depot by 12.7% in the fourth quarter. Exencial Wealth Advisors LLC now owns 7,746 shares of the home improvement retailer’s stock worth $3,013,000 after buying an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HD shares. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Robert W. Baird decreased their price objective on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. Guggenheim reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot Trading Down 0.3%

NYSE:HD opened at $372.05 on Thursday. The company has a market capitalization of $370.16 billion, a P/E ratio of 25.24, a PEG ratio of 3.55 and a beta of 1.00. The company has a current ratio of 1.09, a quick ratio of 0.28 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 firm has a fifty day simple moving average of $364.63 and a 200-day simple moving average of $376.86.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 quarter in the previous year, the firm posted $3.63 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given 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 2.47%. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

Insiders Place Their Bets

In related news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This represents 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 owned by company insiders.

Home Depot Company 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.