Ritholtz Wealth Management Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Ritholtz Wealth Management grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,695 shares of the home improvement retailer's stock after acquiring an additional 922 shares during the period. Ritholtz Wealth Management's holdings in Home Depot were worth $8,439,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HD. Geode Capital Management LLC raised its position in shares of Home Depot by 2.0% in the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock worth $8,767,449,000 after buying an additional 433,126 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Home Depot by 2.2% in the third quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer's stock worth $3,819,679,000 after buying an additional 205,954 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after buying an additional 8,762,735 shares in the last quarter. FMR LLC raised its position in shares of Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer's stock worth $2,931,328,000 after buying an additional 100,139 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot 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 directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. 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. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price objective on the stock. Melius Research began coverage on Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price objective on the stock. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and increased their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Trading Up 0.0 %

Shares of NYSE HD traded up $0.09 during trading hours on Friday, hitting $409.42. The company's stock had a trading volume of 3,194,517 shares, compared to its average volume of 2,543,379. 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 stock has a market cap of $406.70 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The business has a 50-day simple moving average of $406.51 and a 200-day simple moving average of $387.45.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (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 company had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. During the same period last year, the firm earned $3.81 earnings per share. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Home Depot 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.