Selway Asset Management Boosts Position in The Home Depot, Inc. (NYSE:HD)

Selway Asset Management raised its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 5.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,122 shares of the home improvement retailer’s stock after buying an additional 1,008 shares during the quarter. Home Depot makes up about 3.2% of Selway Asset Management’s investment portfolio, making the stock its 7th largest holding. Selway Asset Management’s holdings in Home Depot were worth $8,102,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HD. Bare Financial Services Inc acquired a new position in shares of Home Depot during the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $31,000. PFG Private Wealth Management LLC increased its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $35,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly 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 this link. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Up 0.7 %

NYSE HD traded up $2.36 during trading on Friday, reaching $355.80. 6,554,446 shares of the company’s stock were exchanged, compared to its average volume of 3,428,260. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $352.82 billion, a PE ratio of 23.86, a P/E/G ratio of 2.44 and a beta of 1.00. 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 company’s fifty day simple moving average is $337.38 and its 200-day simple moving average is $351.80.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $3.82 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.53%. Home Depot’s dividend payout ratio is 60.36%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. TD Cowen lowered their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Citigroup lowered their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

View Our Latest Stock Report on Home Depot

About Home Depot

(Free Report)

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 d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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