Delta Financial Advisors LLC Sells 484 Shares of The Home Depot, Inc. (NYSE:HD)

Delta Financial Advisors LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 21.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,784 shares of the home improvement retailer’s stock after selling 484 shares during the quarter. Delta Financial Advisors LLC’s holdings in Home Depot were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Congress Wealth Management LLC DE raised its position in shares of Home Depot by 3.7% in the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after buying an additional 3,162 shares in the last quarter. Wolf Group Capital Advisors boosted its holdings in shares of Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after purchasing an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new position in shares of Home Depot in the 4th quarter valued at $253,000. Psagot Value Holdings Ltd. Israel raised its holdings in shares of Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares in the last quarter. Finally, Zullo Investment Group Inc. lifted its position in shares of Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $332.89 on Friday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a fifty day moving average price of $367.92 and a 200-day moving average price of $338.97. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm has a market cap of $329.90 billion, a PE ratio of 22.05, a P/E/G ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $3.30 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HD shares. TD Cowen increased their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. The Goldman Sachs Group increased their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Wedbush upped their price objective on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Evercore ISI cut their price target on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, DA Davidson reiterated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $375.96.

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.