The Home Depot, Inc. (NYSE:HD) Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 8,807.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,494 shares of the home improvement retailer’s stock after buying an additional 2,466 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Home Depot were worth $970,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the fourth quarter worth $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot in the fourth quarter valued at $32,000. Sellwood Investment Partners LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $39,000. Finally, NewSquare Capital LLC raised its stake in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after buying an additional 68 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD opened at $366.95 on Tuesday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a 50 day moving average of $389.13 and a two-hundred day moving average of $398.94. The company has a market cap of $364.76 billion, a P/E ratio of 24.93, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.51%. Home Depot’s payout ratio is 61.66%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HD shares. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Royal Bank of Canada reduced their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. Wedbush reissued an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Guggenheim restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

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.