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ForthRight Wealth Management LLC holds $2.13 million in Home Depot, Inc. (NYSE:HD)


ForthRight Wealth Management LLC increased its stake in The Home Depot, Inc. (NYSE: HDGet a rating) by 3.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor held 7,105 shares of the home improvement retailer’s stock after acquiring an additional 269 shares during the quarter. Home Depot represents 1.1% of ForthRight Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. ForthRight Wealth Management LLC’s holdings in Home Depot were worth $2,127,000 when it last filed with the SEC.

Other large investors have also recently changed their holdings in the company. Rinkey Investments acquired a new position in Home Depot stock during the fourth quarter worth approximately $25,000. Shore Point Advisors LLC acquired a new position in Home Depot stock during the fourth quarter worth approximately $26,000. Barnett & Company Inc. increased its position in Home Depot by 173.1% in the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer valued at $30,000 after buying 45 more shares in the last quarter. Retirement Group LLC increased its position in Home Depot by 111.1% in the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer valued at $39,000 after buying an additional 50 shares in the last quarter. Finally, Family CFO Inc purchased a new stake in Home Depot in Q4 for $42,000. 70.61% of the shares are currently held by institutional investors.

A number of research companies have recently commented on HD. Raymond James lowered his price target on Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a Wednesday, May 18 research report. DA Davidson lowered its price target on Home Depot from $354.00 to $330.00 and set an “na” rating for the company in a Wednesday, May 18 research report. Wedbush lowered its price target on Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a Wednesday, May 18 research report. Evercore ISI reduced its price target on Home Depot to $360.00 in a Thursday, June 9 research note. Finally, Jefferies Financial Group reduced its price target on Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a Wednesday, May 18 research note. Five equity research analysts gave the stock a hold rating and sixteen gave the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $369.82.

Shares of HD opened at $279.08 on Friday. The stock’s 50-day simple moving average is $291.54 and its 200-day simple moving average is $327.53. The stock has a market capitalization of $286.83 billion, a price-to-earnings ratio of 17.72, a growth price-to-earnings ratio of 1.70 and a beta of 0.97. The company has a debt ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61.

Home deposit (NYSE: HDGet a rating) last released its quarterly earnings data on Tuesday, May 17. The home improvement retailer reported earnings per share (EPS) of $4.09 for the quarter, beating analysts’ consensus estimate of $3.67 by $0.42. The company posted revenue of $38.91 billion for the quarter, versus $36.78 billion expected by analysts. The Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company’s quarterly revenue increased 3.8% year over year. In the same quarter a year earlier, the company posted EPS of $3.86. On average, research analysts expect The Home Depot, Inc. to post earnings per share of 16.47 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16. Investors of record on Thursday, June 2 received a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1. This represents a dividend of $7.60 on an annualized basis and a yield of 2.72%. The Home Depot’s dividend payout ratio (DPR) is 48.25%.

In other Home Depot news, Executive Vice President Hector A. Padilla sold 136 shares of the company in a trade dated Thursday, May 19. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares of the company, valued at approximately $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Also, director BeckerCaryn Seidman bought 1,500 shares in a trade on Monday, May 23. The shares were acquired at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the acquisition, the administrator now owns 1,500 shares of the company, valued at $431,595. Disclosure of this purchase can be found here. Insiders of the company own 0.17% of the shares of the company.

Home Depot Company Profile (Get a rating)

The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.

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Want to see which other hedge funds hold HD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for The Home Depot, Inc. (NYSE: HDGet a rating).

Institutional ownership by quarter for The Home Depot (NYSE:HD)



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