Signal Advisors Wealth LLC raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 39.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,556 shares of the home improvement retailer's stock after acquiring an additional 2,153 shares during the quarter. Signal Advisors Wealth LLC's holdings in Home Depot were worth $2,939,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arbor Wealth Advisors LLC increased its holdings in Home Depot by 135.6% during the 4th quarter. Arbor Wealth Advisors LLC now owns 1,461 shares of the home improvement retailer's stock valued at $568,000 after purchasing an additional 841 shares during the period. Ayrshire Capital Management LLC lifted its holdings in Home Depot by 0.9% in the 4th quarter. Ayrshire Capital Management LLC now owns 16,348 shares of the home improvement retailer's stock worth $6,359,000 after buying an additional 152 shares during the period. Johnson & White Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $1,793,000. Cullen Investment Group LTD. increased its stake in shares of Home Depot by 2.5% during the fourth quarter. Cullen Investment Group LTD. now owns 20,046 shares of the home improvement retailer's stock valued at $7,798,000 after buying an additional 489 shares during the period. Finally, Tealwood Asset Management Inc. raised its holdings in shares of Home Depot by 1.9% during the fourth quarter. Tealwood Asset Management Inc. now owns 6,338 shares of the home improvement retailer's stock valued at $2,465,000 after acquiring an additional 120 shares in the last quarter. 70.86% of the stock is owned by institutional investors.
Analysts Set New Price Targets
HD has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Wells Fargo & Company boosted their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Finally, Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.
View Our Latest Research Report on HD
Insider Buying and Selling
In other news, 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 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 represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by corporate insiders.
Home Depot Trading Up 1.0 %
NYSE:HD opened at $392.98 on Wednesday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business has a fifty day moving average price of $405.88 and a 200-day moving average price of $386.65. The firm has a market capitalization of $390.37 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. 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 announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is 61.14%.
About Home Depot
(
Free Report)
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.
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