The Home Depot, Inc. (NYSE:HD) Stake Increased by Bison Wealth LLC

Bison Wealth LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,405 shares of the home improvement retailer’s stock after purchasing an additional 262 shares during the period. Home Depot makes up 1.4% of Bison Wealth LLC’s portfolio, making the stock its 14th biggest position. Bison Wealth LLC’s holdings in Home Depot were worth $7,765,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HD. Keener Financial Planning LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $31,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot during the first quarter worth $27,000. PFG Private Wealth Management LLC raised its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares in the last quarter. KB Financial Partners LLC purchased a new stake in shares of Home Depot during the first quarter worth $28,000. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.4 %

Shares of HD opened at $337.93 on Tuesday. The stock has a market cap of $334.90 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 2.28 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a 50-day moving average price of $369.56 and a two-hundred day moving average price of $338.82.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HD. Robert W. Baird reiterated an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. Barclays raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Bank of America increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wedbush increased their target price on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, Evercore ISI increased their target price on shares of Home Depot from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $376.35.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.