Sandbox Financial Partners LLC Has $527,000 Stake in The Home Depot, Inc. (NYSE:HD)

Sandbox Financial Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,437 shares of the home improvement retailer’s stock after buying an additional 31 shares during the quarter. Sandbox Financial Partners LLC’s holdings in Home Depot were worth $527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC raised its position in shares of Home Depot by 1.1% in the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock worth $824,000 after acquiring an additional 24 shares in the last quarter. Center for Financial Planning Inc. grew its stake in Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock worth $1,810,000 after purchasing an additional 24 shares during the period. Live Oak Private Wealth LLC grew its stake in Home Depot by 0.5% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock worth $1,912,000 after purchasing an additional 25 shares during the period. Mezzasalma Advisors LLC increased its holdings in Home Depot by 4.0% in the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer’s stock worth $255,000 after purchasing an additional 25 shares in the last quarter. Finally, Focused Wealth Management Inc lifted its stake in Home Depot by 2.4% in the fourth quarter. Focused Wealth Management Inc now owns 1,082 shares of the home improvement retailer’s stock valued at $421,000 after buying an additional 25 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction on 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 now owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s 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 sale, the executive vice president now owns 17,367 shares in the company, valued at $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 currently owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $368.97 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $367.10 billion, a PE ratio of 25.07, a PEG ratio of 4.03 and a beta of 1.05. The stock’s 50 day moving average price is $361.58 and its 200-day moving average price is $384.99. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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). The business had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot’s payout ratio is currently 62.42%.

Analysts Set New Price Targets

A number of research firms have issued reports on HD. Wedbush restated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Stifel Nicolaus raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Morgan Stanley reissued an “overweight” rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.