The Home Depot, Inc. (NYSE:HD) Shares Purchased by Founders Financial Alliance LLC

Founders Financial Alliance LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,277 shares of the home improvement retailer’s stock after buying an additional 231 shares during the quarter. Founders Financial Alliance LLC’s holdings in Home Depot were worth $2,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Miller Financial Services LLC bought a new stake in Home Depot in the 4th quarter valued at about $307,000. Sollinda Capital Management LLC increased its stake in shares of Home Depot by 2.5% in the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer’s stock valued at $434,000 after purchasing an additional 27 shares during the period. Cornerstone Advisors LLC raised its holdings in shares of Home Depot by 1.9% during the fourth quarter. Cornerstone Advisors LLC now owns 59,900 shares of the home improvement retailer’s stock valued at $23,301,000 after buying an additional 1,100 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Home Depot by 0.5% during the fourth quarter. King Luther Capital Management Corp now owns 1,243,912 shares of the home improvement retailer’s stock worth $483,869,000 after buying an additional 6,437 shares during the period. Finally, Sage Mountain Advisors LLC grew its holdings in Home Depot by 34.1% in the 4th quarter. Sage Mountain Advisors LLC now owns 11,359 shares of the home improvement retailer’s stock worth $4,419,000 after buying an additional 2,886 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HD shares. Robert W. Baird cut their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and upped their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus raised their price objective 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 equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Down 0.7 %

NYSE:HD opened at $374.13 on Tuesday. The business’s fifty day moving average price is $399.91 and its 200 day moving average price is $400.08. The firm has a market capitalization of $371.65 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.46%. Home Depot’s dividend payout ratio is 61.66%.

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.