Nadler Financial Group Inc. Has $1.08 Million Position in The Home Depot, Inc. (NYSE:HD)

Nadler Financial Group Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,763 shares of the home improvement retailer’s stock after buying an additional 418 shares during the quarter. Nadler Financial Group Inc.’s holdings in Home Depot were worth $1,075,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HD. Golden State Equity Partners boosted its stake in shares of Home Depot by 508.9% during the 4th quarter. Golden State Equity Partners now owns 9,073 shares of the home improvement retailer’s stock worth $3,529,000 after acquiring an additional 7,583 shares during the period. Asset Planning Corporation raised its holdings in Home Depot by 30.2% in the 4th quarter. Asset Planning Corporation now owns 971 shares of the home improvement retailer’s stock valued at $378,000 after acquiring an additional 225 shares in the last quarter. Avantra Family Wealth Inc. acquired a new position in shares of Home Depot during the 4th quarter worth $519,000. Spire Wealth Management raised its holdings in shares of Home Depot by 15.5% during the 4th quarter. Spire Wealth Management now owns 38,241 shares of the home improvement retailer’s stock worth $14,875,000 after buying an additional 5,135 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its position in Home Depot by 28.8% during the 4th quarter. Journey Strategic Wealth LLC now owns 11,721 shares of the home improvement retailer’s stock worth $4,560,000 after acquiring an additional 2,623 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HD shares. Morgan Stanley upped their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.7 %

Shares of HD stock opened at $409.18 on Tuesday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-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. The business has a 50-day moving average price of $407.86 and a two-hundred day moving average price of $392.76. The firm has a market cap of $406.46 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the company posted $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

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.