The Home Depot, Inc. (NYSE:HD) Shares Sold by Goodwin Investment Advisory

Goodwin Investment Advisory reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 964 shares of the home improvement retailer’s stock after selling 72 shares during the period. Home Depot comprises approximately 0.2% of Goodwin Investment Advisory’s holdings, making the stock its 29th biggest position. Goodwin Investment Advisory’s holdings in Home Depot were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Roanoke Asset Management Corp NY raised its holdings in shares of Home Depot by 5.8% during the fourth quarter. Roanoke Asset Management Corp NY now owns 26,090 shares of the home improvement retailer’s stock worth $10,149,000 after purchasing an additional 1,434 shares during the period. Waterway Wealth Management LLC grew its position in shares of Home Depot by 12.5% during the 4th quarter. Waterway Wealth Management LLC now owns 765 shares of the home improvement retailer’s stock valued at $298,000 after buying an additional 85 shares during the last quarter. Fortress Financial Group LLC acquired a new stake in Home Depot during the fourth quarter worth about $232,000. Mills Wealth Advisors LLC lifted its holdings in Home Depot by 9.2% in the fourth quarter. Mills Wealth Advisors LLC now owns 737 shares of the home improvement retailer’s stock worth $287,000 after acquiring an additional 62 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in Home Depot by 10.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 5,190 shares of the home improvement retailer’s stock valued at $2,019,000 after acquiring an additional 473 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HD shares. Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada dropped their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Up 1.6 %

NYSE HD opened at $396.69 on Friday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market capitalization of $394.06 billion, a P/E ratio of 26.95, a PEG ratio of 4.03 and a beta of 1.05. The company’s 50 day simple moving average is $401.36 and its 200 day simple moving average is $398.72. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.32%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

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.