Tributary Capital Management LLC Has $850,000 Position in The Home Depot, Inc. (NYSE:HD)

Tributary Capital Management LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 30.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,215 shares of the home improvement retailer’s stock after acquiring an additional 520 shares during the period. Tributary Capital Management LLC’s holdings in Home Depot were worth $850,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. increased its position in shares of Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after acquiring an additional 28 shares in the last quarter. Optas LLC increased its position in shares of Home Depot by 1.7% during the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock valued at $607,000 after acquiring an additional 29 shares in the last quarter. STAR Financial Bank increased its position in shares of Home Depot by 0.7% during the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after acquiring an additional 29 shares in the last quarter. Harvest Investment Advisors LLC increased its position in shares of Home Depot by 0.8% during the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after acquiring an additional 30 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. increased its position in shares of Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after acquiring an additional 30 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and raised their target price for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. UBS Group dropped their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Wedbush restated an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Finally, Evercore ISI lifted their price target on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Price Performance

Shares of Home Depot stock traded down $1.48 during trading hours on Tuesday, reaching $334.71. The company’s stock had a trading volume of 153,080 shares, compared to its average volume of 3,433,990. The firm has a 50 day moving average price of $338.51 and a 200-day moving average price of $352.80. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The stock has a market cap of $331.90 billion, a P/E ratio of 22.55, a P/E/G 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 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the previous year, the firm posted $3.82 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

About Home Depot

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.