AA Financial Advisors LLC Sells 143 Shares of The Home Depot, Inc. (NYSE:HD)

AA Financial Advisors LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,392 shares of the home improvement retailer’s stock after selling 143 shares during the period. AA Financial Advisors LLC’s holdings in Home Depot were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. WD Rutherford LLC grew its position in Home Depot by 0.3% in the 1st quarter. WD Rutherford LLC now owns 12,265 shares of the home improvement retailer’s stock worth $4,343,000 after purchasing an additional 33 shares during the period. Inscription Capital LLC bought a new stake in shares of Home Depot in the first quarter worth $4,049,000. Blackston Financial Advisory Group LLC increased its position in Home Depot by 7.1% during the first quarter. Blackston Financial Advisory Group LLC now owns 3,585 shares of the home improvement retailer’s stock valued at $1,314,000 after acquiring an additional 237 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in Home Depot by 15.0% in the first quarter. Conestoga Capital Advisors LLC now owns 650 shares of the home improvement retailer’s stock valued at $238,000 after acquiring an additional 85 shares during the period. Finally, Stephens Consulting LLC boosted its position in Home Depot by 13.6% in the first quarter. Stephens Consulting LLC now owns 938 shares of the home improvement retailer’s stock worth $344,000 after purchasing an additional 112 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $353.59 on Tuesday. 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 Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business has a 50 day simple moving average of $363.12 and a two-hundred day simple moving average of $381.65. The stock has a market capitalization of $351.79 billion, a PE ratio of 24.02, a P/E/G ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 during the quarter, compared to analysts’ expectations of $39.24 billion. During the same period last year, the business posted $3.63 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm 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. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent research reports. Mizuho lowered their price objective on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. Stifel Nicolaus upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and upped their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot in a report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were 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 owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a legal filing 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 dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.