Heritage Wealth Management Inc. CA Buys 1,652 Shares of The Home Depot, Inc. (NYSE:HD)

Heritage Wealth Management Inc. CA increased its stake in The Home Depot, Inc. (NYSE:HD) by 136.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,861 shares of the home improvement retailer’s stock after purchasing an additional 1,652 shares during the quarter. Heritage Wealth Management Inc. CA’s holdings in Home Depot were worth $1,113,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $32,000. NewSquare Capital LLC lifted its holdings in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after buying an additional 68 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the third quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 3.7 %

NYSE HD opened at $363.97 on Tuesday. The stock’s 50 day simple moving average is $393.46 and its 200 day simple moving average is $399.16. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $361.55 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping 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 analysts’ expectations of $39.15 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 2.53%. Home Depot’s payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HD. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Guggenheim restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Robert W. Baird reduced their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $435.85.

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.