Quantum Financial Planning Services Inc. Invests $434,000 in The Home Depot, Inc. (NYSE:HD)

Quantum Financial Planning Services Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,114 shares of the home improvement retailer's stock, valued at approximately $434,000. Home Depot comprises about 0.2% of Quantum Financial Planning Services Inc.'s holdings, making the stock its 19th biggest holding.

Several other hedge funds also recently made changes to their positions in the business. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at $26,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the third quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the 3rd quarter worth about $46,000. Finally, Quarry LP raised 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.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. TD Cowen upped their price objective on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price target for the company. Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's 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 transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company's stock.

Home Depot Price Performance

Shares of HD traded up $2.55 during midday trading on Wednesday, hitting $414.04. The company's stock had a trading volume of 2,210,589 shares, compared to its average volume of 3,077,046. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $411.29 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The company's fifty day simple moving average is $407.11 and its two-hundred day simple moving average is $393.41.

Home Depot (NYSE:HD - Get Free Report) last issued its 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. 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 during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the firm earned $3.81 earnings per share. The business's quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot's dividend payout ratio is currently 61.14%.

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.