The Home Depot, Inc. (NYSE:HD) Holdings Lifted by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,809 shares of the home improvement retailer’s stock after buying an additional 118 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Home Depot were worth $8,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP grew its stake in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after purchasing an additional 36 shares in the last quarter. Regal Investment Advisors LLC grew its stake in Home Depot by 7.5% in the second quarter. Regal Investment Advisors LLC now owns 5,777 shares of the home improvement retailer’s stock valued at $1,989,000 after purchasing an additional 401 shares in the last quarter. Regency Capital Management Inc. DE grew its stake in Home Depot by 46.5% in the second quarter. Regency Capital Management Inc. DE now owns 4,048 shares of the home improvement retailer’s stock valued at $1,393,000 after purchasing an additional 1,285 shares in the last quarter. Ted Buchan & Co purchased a new position in Home Depot in the second quarter valued at about $327,000. Finally, Granite Bay Wealth Management LLC purchased a new position in Home Depot in the second quarter valued at about $230,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.4 %

NYSE HD opened at $418.83 on Wednesday. The firm has a market cap of $416.04 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock’s 50 day simple moving average is $407.42 and its 200 day simple moving average is $391.36. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the business earned $3.81 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Analysts Set New Price Targets

A number of analysts have weighed in on HD shares. Morgan Stanley boosted their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Wells Fargo & Company boosted their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $426.00.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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.

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.