Home Depot Inc (NYSE:HD) Shares Sold by Braun Bostich & Associates Inc.

Braun Bostich & Associates Inc. reduced its stake in Home Depot Inc (NYSE:HD) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,873 shares of the home improvement retailer’s stock after selling 76 shares during the period. Home Depot accounts for about 0.9% of Braun Bostich & Associates Inc.’s investment portfolio, making the stock its 19th biggest holding. Braun Bostich & Associates Inc.’s holdings in Home Depot were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new stake in shares of Home Depot in the 1st quarter worth about $27,000. Lion Street Advisors LLC bought a new position in Home Depot in the 1st quarter worth about $28,000. Litman Gregory Asset Management LLC grew its position in Home Depot by 2,042.9% in the 4th quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 143 shares during the last quarter. Evolution Wealth Advisors LLC increased its stake in shares of Home Depot by 85.9% in the fourth quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 73 shares during the period. Finally, John W. Brooker & Co. CPAs bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $37,000. 69.75% of the stock is owned by institutional investors.

In related news, EVP William G. Lennie sold 9,848 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the completion of the sale, the executive vice president now directly owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Shares of NYSE:HD traded up $0.27 on Friday, hitting $241.15. The stock had a trading volume of 179,031 shares, compared to its average volume of 5,816,201. The firm’s 50 day moving average price is $212.69 and its 200-day moving average price is $219.44. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $248.32. The company has a market capitalization of $255.84 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.19). The firm had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 earnings per share. On average, sell-side analysts forecast that Home Depot Inc will post 9.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, June 3rd. Home Depot’s payout ratio is currently 58.54%.

A number of equities analysts recently issued reports on the company. Cfra raised Home Depot from a “hold” rating to a “strong-buy” rating and set a $255.00 price objective for the company in a report on Wednesday, March 11th. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating and set a $231.00 price target for the company in a research note on Thursday, April 30th. Nomura Securities lifted their price objective on shares of Home Depot from $204.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Nomura Instinet upped their price objective on shares of Home Depot from $240.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Loop Capital raised their target price on shares of Home Depot from $235.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $251.03.

About Home Depot

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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