Worth Financial Advisory Group LLC Acquires 232 Shares of The Home Depot, Inc. (NYSE:HD)

Worth Financial Advisory Group LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,223 shares of the home improvement retailer’s stock after buying an additional 232 shares during the quarter. Home Depot accounts for about 0.9% of Worth Financial Advisory Group LLC’s holdings, making the stock its 27th biggest position. Worth Financial Advisory Group LLC’s holdings in Home Depot were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter worth approximately $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter worth approximately $27,000. Keener Financial Planning LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $35,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on HD. Evercore ISI boosted their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. HSBC dropped their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research note on Wednesday, May 15th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. TD Cowen lowered their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Mizuho began coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Performance

Shares of HD stock traded up $0.94 on Friday, hitting $334.58. 3,437,489 shares of the stock were exchanged, compared to its average volume of 3,256,767. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The firm has a market capitalization of $331.77 billion, a PE ratio of 22.44, a P/E/G ratio of 2.30 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm’s 50 day moving average is $338.47 and its two-hundred day moving average is $352.19.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.82 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s payout ratio is 60.36%.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.