The Home Depot, Inc. (NYSE:HD) Shares Purchased by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC lifted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,489 shares of the home improvement retailer's stock after purchasing an additional 651 shares during the period. Home Depot accounts for about 1.7% of ARS Wealth Advisors Group LLC's investment portfolio, making the stock its 23rd biggest position. ARS Wealth Advisors Group LLC's holdings in Home Depot were worth $12,249,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the 3rd quarter valued at $41,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the third quarter valued at about $46,000. Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the second quarter worth about $47,000. Quarry LP lifted its position in shares of Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after buying an additional 36 shares during the last quarter. Finally, Semmax Financial Advisors Inc. boosted its holdings in shares of Home Depot by 111.3% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after buying an additional 79 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HD. Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a report on Monday, November 11th. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Oppenheimer raised their price objective on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 24th. Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and increased their price target for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Barclays lifted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. One investment 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Price Performance

HD stock traded up $0.09 during trading on Friday, hitting $409.42. The stock had a trading volume of 3,194,517 shares, compared to its average volume of 3,215,818. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company's 50-day moving average price is $406.44 and its two-hundred day moving average price is $386.94. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market capitalization of $406.70 billion, a P/E ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

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

Home Depot Dividend Announcement

The firm also recently announced 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 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction 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 on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 over the last three months. 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.