DLK Investment Management LLC Purchases 415 Shares of The Home Depot, Inc. (NYSE:HD)

DLK Investment Management LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,997 shares of the home improvement retailer’s stock after purchasing an additional 415 shares during the period. Home Depot makes up 2.3% of DLK Investment Management LLC’s investment portfolio, making the stock its 17th largest holding. DLK Investment Management LLC’s holdings in Home Depot were worth $5,496,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Navigoe LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $32,000. Quarry LP boosted its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares during the last quarter. Sellwood Investment Partners LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $39,000. Finally, NewSquare Capital LLC grew its holdings in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction dated 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 directly 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. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. Wells Fargo & Company cut their price objective on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Guggenheim reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Price Performance

Shares of Home Depot stock opened at $361.96 on Thursday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a fifty day moving average of $363.10 and a 200-day moving average of $378.66. The stock has a market capitalization of $360.12 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.43 and a beta of 1.02.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the firm earned $3.63 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.54%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio is presently 62.42%.

Home Depot 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.