The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 29.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 719 shares of the home improvement retailer’s stock after acquiring an additional 163 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Home Depot were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. OneAscent Investment Solutions LLC acquired a new position in Home Depot during the 1st quarter worth approximately $200,000. Vestmark Advisory Solutions Inc. increased its holdings in Home Depot by 98.8% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 26,647 shares of the home improvement retailer’s stock worth $9,766,000 after purchasing an additional 13,240 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in Home Depot by 9.8% during the 1st quarter. Sit Investment Associates Inc. now owns 63,148 shares of the home improvement retailer’s stock worth $23,143,000 after purchasing an additional 5,647 shares during the last quarter. American Money Management LLC increased its holdings in Home Depot by 0.3% during the 1st quarter. American Money Management LLC now owns 23,947 shares of the home improvement retailer’s stock worth $8,776,000 after purchasing an additional 82 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new stake in Home Depot during the 1st quarter worth approximately $296,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the 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 transaction, the executive vice president owned 7,951 shares of the company’s stock, 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 can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 transaction, the executive vice president directly owned 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HD has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the stock an “overweight” rating in a report on Monday, June 30th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday. Stifel Nicolaus upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Finally, Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $427.48.

Home Depot Price Performance

Shares of HD opened at $399.29 on Friday. The company has a market cap of $397.26 billion, a P/E ratio of 27.09, a PEG ratio of 3.80 and a beta of 1.00. The stock has a fifty day moving average price of $370.47 and a 200 day moving average price of $371.90. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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). The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.63 earnings per share. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. 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.