The Home Depot, Inc. (NYSE:HD) Position Increased by Eudaimonia Advisors LLC

Eudaimonia Advisors LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,299 shares of the home improvement retailer’s stock after buying an additional 260 shares during the period. Eudaimonia Advisors LLC’s holdings in Home Depot were worth $797,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Optas LLC lifted its stake in shares of Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after buying an additional 29 shares during the last quarter. Harvest Investment Advisors LLC lifted its stake in shares of Home Depot by 0.8% during the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after buying an additional 30 shares during the last quarter. Armstrong Henry H Associates Inc. increased its position in Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after acquiring an additional 30 shares during the period. CGC Financial Services LLC increased its position in Home Depot by 4.3% during the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after acquiring an additional 30 shares during the period. Finally, Independent Investors Inc. increased its position in Home Depot by 0.5% during the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock worth $2,097,000 after acquiring an additional 30 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE HD traded down $6.98 during trading hours on Wednesday, hitting $332.02. The company’s stock had a trading volume of 1,664,562 shares, compared to its average volume of 3,329,219. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company’s 50 day simple moving average is $366.40 and its two-hundred day simple moving average is $340.51. The company has a market cap of $329.04 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $3.30 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.71%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Wall Street Analyst Weigh In

Several research firms have commented on HD. HSBC reissued a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. Evercore ISI cut their target price on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. The Goldman Sachs Group lifted their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Bank of America lifted 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were 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 disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Home Depot

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.