The Home Depot, Inc. (NYSE:HD) Shares Purchased by Advisor OS LLC

Advisor OS LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,283 shares of the home improvement retailer’s stock after acquiring an additional 147 shares during the quarter. Advisor OS LLC’s holdings in Home Depot were worth $2,055,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Home Depot in the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the third quarter worth about $41,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HD. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Thursday, February 20th. Finally, Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Stock Performance

Shares of HD stock opened at $393.52 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $390.90 billion, a PE ratio of 26.73, a P/E/G ratio of 4.03 and a beta of 1.05. The company’s fifty day simple moving average is $401.23 and its 200-day simple moving average is $398.48. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the company posted $2.82 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.34%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.14%.

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.