Legend Financial Advisors Inc. Buys 41 Shares of The Home Depot, Inc. (NYSE:HD)

Legend Financial Advisors Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 36.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154 shares of the home improvement retailer’s stock after acquiring an additional 41 shares during the quarter. Legend Financial Advisors Inc.’s holdings in Home Depot were worth $59,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Home Depot during the 4th quarter worth approximately $4,311,070,000. International Assets Investment Management LLC grew its position in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after purchasing an additional 5,525,791 shares in the last quarter. Jennison Associates LLC grew its position in shares of Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after purchasing an additional 1,207,388 shares in the last quarter. Capital Research Global Investors grew its position in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Home Depot by 38.9% during the 4th quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock worth $613,258,000 after purchasing an additional 495,894 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HD. Wedbush reiterated an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. TD Cowen reduced their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. UBS Group reduced their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Guggenheim reiterated a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Trading Up 0.8 %

NYSE HD traded up $2.75 during mid-day trading on Friday, reaching $344.24. 6,344,192 shares of the stock were exchanged, compared to its average volume of 3,519,389. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a 50 day simple moving average of $338.51 and a 200-day simple moving average of $352.74. The stock has a market cap of $341.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.38 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.82 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Insiders Place Their Bets

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.