Berger Financial Group Inc Acquires 1,776 Shares of The Home Depot, Inc. (NYSE:HD)

Berger Financial Group Inc boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,086 shares of the home improvement retailer's stock after purchasing an additional 1,776 shares during the period. Berger Financial Group Inc's holdings in Home Depot were worth $5,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Norges Bank purchased a new position in shares of Home Depot during the 4th quarter valued at about $5,032,910,000. Raymond James Financial Inc. purchased a new position in shares of Home Depot during the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC lifted its holdings in Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after purchasing an additional 2,030,372 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Home Depot by 559.5% in the 4th quarter. APG Asset Management N.V. now owns 1,032,082 shares of the home improvement retailer's stock worth $387,706,000 after purchasing an additional 875,591 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Wedbush reissued an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Trading Up 0.6 %

HD stock traded up $2.13 during trading on Tuesday, hitting $359.05. The company had a trading volume of 2,836,868 shares, compared to its average volume of 3,461,694. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a 50 day simple moving average of $363.21 and a 200-day simple moving average of $391.72. The firm has a market capitalization of $356.91 billion, a P/E ratio of 24.39, a PEG ratio of 4.03 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the business posted $2.82 EPS. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.56%. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

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.