Conestoga Capital Advisors LLC Has $238,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Conestoga Capital Advisors LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 650 shares of the home improvement retailer’s stock after buying an additional 85 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Home Depot were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Wealth Group Ltd. lifted its stake in shares of Home Depot by 5.0% in the fourth 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 period. Tallon Kerry Patrick bought a new position in shares of Home Depot in the 4th quarter worth $281,000. Capital & Planning LLC grew its holdings in shares of Home Depot by 110.2% during the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock valued at $418,000 after buying an additional 563 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in Home Depot by 0.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock valued at $1,765,000 after purchasing an additional 32 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% in the fourth 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 in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business’s 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 completion of the transaction, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade 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 company insiders.

Home Depot Stock Performance

Shares of HD opened at $353.59 on Tuesday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock’s 50-day simple moving average is $363.12 and its 200 day simple moving average is $381.65. 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 stock has a market capitalization of $351.79 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last announced 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 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the prior year, the company earned $3.63 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. Home Depot’s payout ratio is currently 62.42%.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot in a research report on Monday, June 2nd. Mizuho dropped their target price on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Wedbush reaffirmed an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

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.