MBM Wealth Consultants LLC Acquires 51 Shares of The Home Depot, Inc. (NYSE:HD)

MBM Wealth Consultants LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,777 shares of the home improvement retailer’s stock after acquiring an additional 51 shares during the period. Home Depot makes up 0.5% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 25th largest position. MBM Wealth Consultants LLC’s holdings in Home Depot were worth $1,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Cape Investment Advisory Inc. grew its stake in Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after purchasing an additional 28 shares during the last quarter. Optas LLC raised its position in Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after buying an additional 29 shares during the last quarter. STAR Financial Bank boosted its holdings in shares of Home Depot by 0.7% in the 4th 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 during the last quarter. Harvest Investment Advisors LLC boosted its holdings in shares of Home Depot by 0.8% in the 3rd 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 during the last quarter. Finally, Armstrong Henry H Associates Inc. increased its stake in shares of Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HD shares. Evercore ISI upped their price target on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. 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. Mizuho began coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Finally, DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the company from $352.00 to $395.00 in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Trading Down 0.4 %

NYSE HD opened at $334.97 on Wednesday. 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 capitalization of $332.16 billion, a P/E ratio of 22.47, a PEG ratio of 2.38 and a beta of 0.99. The firm’s 50-day moving average is $338.51 and its two-hundred day moving average is $352.69. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.82 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio is presently 60.36%.

Insider Buying and Selling

In other Home Depot 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 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 accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.