Blue Zone Wealth Advisors LLC Has $276,000 Stake in The Home Depot, Inc. (NYSE:HD)

Blue Zone Wealth Advisors LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 720 shares of the home improvement retailer’s stock after selling 67 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Home Depot were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Algert Global LLC bought a new stake in shares of Home Depot in the third quarter valued at about $245,000. Legacy Advisors LLC lifted its holdings in shares of Home Depot by 10.2% in the third quarter. Legacy Advisors LLC now owns 11,273 shares of the home improvement retailer’s stock valued at $3,406,000 after purchasing an additional 1,042 shares in the last quarter. Lakeshore Financial Planning Inc. bought a new stake in shares of Home Depot in the third quarter valued at about $463,000. Key Client Fiduciary Advisors LLC lifted its holdings in shares of Home Depot by 6.5% in the third quarter. Key Client Fiduciary Advisors LLC now owns 4,710 shares of the home improvement retailer’s stock valued at $1,423,000 after purchasing an additional 289 shares in the last quarter. Finally, KPP Advisory Services LLC bought a new stake in shares of Home Depot in the third quarter valued at about $1,750,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. Wedbush restated an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. Finally, Wells Fargo & Company dropped their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $378.42.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Home Depot stock opened at $344.24 on Monday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock’s 50 day moving average is $338.51 and its 200-day moving average 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. The company has a market capitalization of $341.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.38 and a beta of 0.99.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter in the prior year, the business earned $3.82 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot Company 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.