Epic Trust Investment Advisors LLC Has $241,000 Position in The Home Depot, Inc. (NYSE:HD)

Epic Trust Investment Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 696 shares of the home improvement retailer’s stock after selling 145 shares during the period. Epic Trust Investment Advisors LLC’s holdings in Home Depot were worth $241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC raised its stake in 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 buying an additional 32 shares during the last quarter. Gilfoyle & Co LLC bought a new stake in Home Depot during the fourth quarter valued at $35,000. Briaud Financial Planning Inc bought a new stake in shares of Home Depot in the 3rd quarter valued at $41,000. Finally, Quantbot Technologies LP bought a new position in shares of Home Depot during the 3rd quarter worth about $64,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of HD traded down $2.64 during mid-day trading on Tuesday, reaching $334.16. 1,997,791 shares of the company’s stock were exchanged, compared to its average volume of 3,325,878. The business’s fifty day simple moving average is $364.25 and its 200-day simple moving average is $341.58. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock has a market capitalization of $331.16 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.23 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 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.30 earnings per share. On average, equities research analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.69%. Home Depot’s dividend payout ratio is presently 59.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HD shares. HSBC reiterated a “reduce” rating and set a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. Bank of America upped their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company raised their price target on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Royal Bank of Canada raised their price target on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. Finally, Stifel Nicolaus upped their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated 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 directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.