Stonebridge Financial Planning Group LLC Has $831,000 Position in The Home Depot, Inc. (NYSE:HD)

Stonebridge Financial Planning Group LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,136 shares of the home improvement retailer’s stock after acquiring an additional 56 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in Home Depot were worth $831,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HD. Synergy Asset Management LLC acquired a new stake in Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the fourth quarter worth $28,000. Navigoe LLC acquired a new stake in Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot in the fourth quarter worth $32,000. Finally, Quarry LP raised its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 66 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on HD. Wedbush reiterated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 target price (up from $380.00) on shares of Home Depot in a report on Wednesday. TD Securities reiterated a “buy” rating and issued a $470.00 target price on shares of Home Depot in a report on Wednesday. Wells Fargo & Company cut their target price on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, Jefferies Financial Group lowered their price objective on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.77.

Home Depot Stock Down 1.3%

Home Depot stock opened at $365.95 on Friday. The company has a market cap of $363.77 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a fifty day simple moving average of $359.62 and a 200 day simple moving average of $387.46. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.63 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.51%. Home Depot’s dividend payout ratio is currently 62.42%.

Home Depot Company 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.