Broadway Wealth Solutions Inc. Makes New $389,000 Investment in The Home Depot, Inc. (NYSE:HD)

Broadway Wealth Solutions Inc. acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,000 shares of the home improvement retailer's stock, valued at approximately $389,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC lifted its position in shares of Home Depot by 8,807.1% during the fourth quarter. New Age Alpha Advisors LLC now owns 2,494 shares of the home improvement retailer's stock worth $970,000 after purchasing an additional 2,466 shares in the last quarter. Providence Capital Advisors LLC increased its holdings in Home Depot by 1.2% during the 4th quarter. Providence Capital Advisors LLC now owns 21,843 shares of the home improvement retailer's stock worth $8,497,000 after purchasing an additional 269 shares during the period. Norges Bank acquired a new stake in Home Depot in the fourth quarter valued at approximately $5,032,910,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Home Depot in the 4th quarter valued at $9,247,000. Finally, Blair William & Co. IL lifted its position in shares of Home Depot by 0.4% during the 4th quarter. Blair William & Co. IL now owns 755,641 shares of the home improvement retailer's stock worth $293,937,000 after purchasing an additional 2,716 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.85.

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Home Depot Price Performance

Shares of NYSE:HD traded up $5.06 during midday trading on Monday, hitting $363.21. 1,182,730 shares of the stock were exchanged, compared to its average volume of 3,440,752. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market cap of $361.04 billion, a P/E ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a 50 day moving average price of $389.98 and a 200-day moving average price of $398.99.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

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.