Foster Victor Wealth Advisors LLC Purchases 15,167 Shares of The Home Depot, Inc. (NYSE:HD)

Foster Victor Wealth Advisors LLC increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 80.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,981 shares of the home improvement retailer's stock after acquiring an additional 15,167 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Home Depot were worth $13,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Home Depot by 7.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 709,443 shares of the home improvement retailer's stock worth $275,966,000 after acquiring an additional 52,155 shares in the last quarter. Foster Group Inc. raised its stake in shares of Home Depot by 55.8% during the 4th quarter. Foster Group Inc. now owns 2,703 shares of the home improvement retailer's stock valued at $1,052,000 after purchasing an additional 968 shares during the period. Fulton Breakefield Broenniman LLC lifted its holdings in Home Depot by 5.0% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 2,648 shares of the home improvement retailer's stock worth $1,030,000 after purchasing an additional 126 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in Home Depot by 12.6% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,208 shares of the home improvement retailer's stock worth $470,000 after purchasing an additional 135 shares during the period. Finally, Capital Investment Counsel LLC grew its holdings in Home Depot by 1.7% during the 4th quarter. Capital Investment Counsel LLC now owns 18,113 shares of the home improvement retailer's stock valued at $7,046,000 after buying an additional 311 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.6 %

Shares of Home Depot stock traded down $2.64 on Friday, hitting $411.86. The stock had a trading volume of 2,761,013 shares, compared to its average volume of 2,883,614. 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's 50-day simple moving average is $407.86 and its two-hundred day simple moving average is $392.46. The stock has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced 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. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. TD Cowen raised their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Royal Bank of Canada upped 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. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $426.00.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 12,465 shares of the company's stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by company insiders.

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.