LifePro Asset Management Purchases 319 Shares of The Home Depot, Inc. (NYSE:HD)

LifePro Asset Management lifted its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 12.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,953 shares of the home improvement retailer’s stock after buying an additional 319 shares during the quarter. LifePro Asset Management’s holdings in Home Depot were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Norges Bank purchased a new stake in Home Depot in the fourth quarter worth about $4,325,629,000. Jennison Associates LLC grew its holdings in Home Depot by 21.1% in the fourth quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $2,001,755,000 after purchasing an additional 840,033 shares during the period. Geode Capital Management LLC grew its holdings in Home Depot by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after purchasing an additional 701,811 shares during the period. Deutsche Bank AG grew its holdings in Home Depot by 12.2% in the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after purchasing an additional 566,462 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in Home Depot by 41.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,503,876 shares of the home improvement retailer’s stock worth $622,418,000 after purchasing an additional 436,942 shares during the period. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Home Depot Trading Up 0.8 %

HD opened at $309.69 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a market capitalization of $318.29 billion, a PE ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99. The firm’s 50 day simple moving average is $290.90 and its two-hundred day simple moving average is $310.73.

Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The business had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. During the same period last year, the firm earned $3.86 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 annualized dividend and a yield of 2.45%. Home Depot’s payout ratio is presently 48.25%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson dropped their target price on shares of Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Jefferies Financial Group dropped their target price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 18th. Evercore ISI dropped their target price on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. Citigroup upped their target price on shares of Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Finally, MKM Partners assumed coverage on shares of Home Depot in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.45.

Insider Transactions at Home Depot

In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Becker Caryn Seidman acquired 1,500 shares of Home Depot stock in a transaction dated Monday, May 23rd. The stock was purchased at an average cost of $287.73 per share, with a total value of $431,595.00. Following the completion of the purchase, the director now owns 1,500 shares of the company’s stock, valued at $431,595. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.