Relyea Zuckerberg Hanson LLC Sells 79 Shares of The Home Depot, Inc. (NYSE:HD)

Relyea Zuckerberg Hanson LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the 1st quarter, Holdings Channel reports. The fund owned 6,866 shares of the home improvement retailer’s stock after selling 79 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Home Depot were worth $2,516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Navigoe LLC bought a new position in Home Depot in the fourth quarter worth approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $32,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Marshall Investment Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $41,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $39,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.7%

Shares of NYSE HD opened at $362.99 on Friday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm’s 50 day simple moving average is $362.33 and its two-hundred day simple moving average is $383.33. The stock has a market capitalization of $361.15 billion, a P/E ratio of 24.66, a PEG ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the business earned $3.63 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced 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. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio is 62.42%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HD shares. Guggenheim restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Jefferies Financial Group dropped their target price on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company decreased their price target on Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $426.77.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was 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 of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.