James J. Burns & Company LLC Increases Stake in The Home Depot, Inc. (NYSE:HD)

James J. Burns & Company LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 7,900 shares of the home improvement retailer’s stock after purchasing an additional 251 shares during the period. James J. Burns & Company LLC’s holdings in Home Depot were worth $3,073,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in HD. AMF Tjanstepension AB boosted its stake in Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares during the period. Czech National Bank boosted its stake in Home Depot by 7.0% in the 3rd quarter. Czech National Bank now owns 202,002 shares of the home improvement retailer’s stock worth $81,851,000 after purchasing an additional 13,151 shares during the period. SYM FINANCIAL Corp boosted its stake in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares during the period. Country Trust Bank boosted its stake in Home Depot by 10.5% in the 3rd quarter. Country Trust Bank now owns 1,051 shares of the home improvement retailer’s stock worth $426,000 after purchasing an additional 100 shares during the period. Finally, Reliant Investment Management LLC boosted its stake in Home Depot by 1.3% in the 3rd quarter. Reliant Investment Management LLC now owns 19,256 shares of the home improvement retailer’s stock worth $7,803,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $414.04 on Thursday. The stock has a market cap of $411.29 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 4.34 and a beta of 1.05. The business’s fifty day moving average is $407.11 and its 200 day moving average is $393.41. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.81 earnings per share. Research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on HD shares. Morgan Stanley raised their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus raised their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Mizuho lifted their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.