Leonard Rickey Investment Advisors P.L.L.C. Acquires Shares of 529 The Home Depot, Inc. (NYSE:HD)

Leonard Rickey Investment Advisors P.L.L.C. bought a new position in The Home Depot, Inc. (NYSE:HD) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 529 shares of the home improvement retailer’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the 4th quarter worth approximately $27,000. Keener Financial Planning LLC bought a new position in Home Depot in the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC boosted its stake in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the 4th quarter worth $35,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 1.0 %

Shares of HD stock traded down $3.37 during trading hours on Tuesday, reaching $332.82. 1,584,655 shares of the stock were exchanged, compared to its average volume of 3,444,651. The firm has a market capitalization of $330.03 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company’s 50-day moving average price is $338.51 and its 200-day moving average price is $352.80. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the business earned $3.82 EPS. Home Depot’s revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.70%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. HSBC dropped their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Bank of America lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. UBS Group cut their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Mizuho began coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

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.