Mutual Advisors LLC Sells 2,933 Shares of The Home Depot, Inc. (NYSE:HD)

Mutual Advisors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 26,406 shares of the home improvement retailer’s stock after selling 2,933 shares during the period. Mutual Advisors LLC’s holdings in Home Depot were worth $10,129,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HD. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC boosted its position in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in Home Depot in the 4th quarter worth approximately $35,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of NYSE HD traded down $2.51 during mid-day trading on Tuesday, hitting $337.09. 2,044,768 shares of the company’s stock traded hands, compared to its average volume of 3,432,886. The company’s 50-day moving average is $338.52 and its two-hundred day moving average is $352.15. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market capitalization of $334.26 billion, a P/E ratio of 22.62, a PEG ratio of 2.31 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is 60.36%.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HD shares. Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. TD Cowen decreased their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the company from $352.00 to $395.00 in a research note on Wednesday, June 26th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, Wedbush reiterated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

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.