1,873 Shares in The Home Depot, Inc. (NYSE:HD) Bought by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,873 shares of the home improvement retailer's stock, valued at approximately $728,000.

A number of other institutional investors have also modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the 3rd quarter worth $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot during the 4th quarter valued at about $41,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot during the 3rd quarter valued at about $46,000. Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the second quarter valued at about $47,000. Finally, Quarry LP increased its holdings in shares of Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after purchasing an additional 36 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and upped their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Guggenheim increased their price target on Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Stock Performance

Shares of HD traded up $1.14 during mid-day trading on Thursday, reaching $414.56. 3,080,038 shares of the company's stock traded hands, compared to its average volume of 3,196,907. The stock has a market capitalization of $411.81 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business's 50-day moving average price is $407.93 and its 200-day moving average price is $391.93. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $3.81 earnings per share. Equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company's stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock worth $15,624,585 over the last three months. Company insiders own 0.10% of the company's stock.

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.