PKS Advisory Services LLC Invests $885,000 in The Home Depot, Inc. (NYSE:HD)

PKS Advisory Services LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,274 shares of the home improvement retailer's stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the fourth quarter worth approximately $32,000. NewSquare Capital LLC grew its stake in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HD shares. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Wedbush reiterated an "outperform" rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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Home Depot Price Performance

Shares of Home Depot stock traded down $4.87 during trading on Friday, hitting $357.86. The stock had a trading volume of 2,979,134 shares, compared to its average volume of 3,449,521. The business has a fifty day moving average of $389.98 and a two-hundred day moving average of $398.60. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market cap of $355.72 billion, a P/E ratio of 24.31, a PEG ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.57%. Home Depot's dividend payout ratio is currently 61.66%.

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.