Tandem Capital Management Corp ADV Purchases 540 Shares of The Home Depot, Inc. (NYSE:HD)

Tandem Capital Management Corp ADV increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 32.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,210 shares of the home improvement retailer’s stock after acquiring an additional 540 shares during the period. Tandem Capital Management Corp ADV’s holdings in The Home Depot were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HD. Sage Mountain Advisors LLC purchased a new position in The Home Depot in the 4th quarter worth approximately $3,528,000. Eagle Capital Management LLC grew its stake in The Home Depot by 1.4% in the 4th quarter. Eagle Capital Management LLC now owns 19,425 shares of the home improvement retailer’s stock worth $5,160,000 after buying an additional 261 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of The Home Depot by 856.8% in the 4th quarter. Ironwood Wealth Management LLC. now owns 3,320 shares of the home improvement retailer’s stock valued at $882,000 after purchasing an additional 2,973 shares in the last quarter. Camden National Bank boosted its stake in shares of The Home Depot by 9.7% in the 4th quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock valued at $681,000 after purchasing an additional 226 shares in the last quarter. Finally, Bouvel Investment Partners LLC purchased a new stake in shares of The Home Depot in the 4th quarter valued at $33,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.

HD stock traded up $1.23 during trading on Friday, hitting $309.54. 97,083 shares of the stock traded hands, compared to its average volume of 4,362,476. The Home Depot, Inc. has a 1 year low of $234.31 and a 1 year high of $345.69. The stock has a 50 day simple moving average of $320.26. The stock has a market capitalization of $329.12 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 0.41 and a debt-to-equity ratio of 19.85.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Monday, May 17th. The home improvement retailer reported $3.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.08 by $0.78. The Home Depot had a net margin of 10.45% and a return on equity of 963.88%. The company had revenue of $37.50 billion for the quarter, compared to the consensus estimate of $33.68 billion. During the same period in the prior year, the firm posted $2.08 EPS. The Home Depot’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 13.9 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Thursday, June 3rd will be issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, June 2nd. The Home Depot’s payout ratio is presently 54.86%.

The Home Depot announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 20th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to reacquire up to 5.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

HD has been the subject of a number of research reports. Citigroup upped their price objective on shares of The Home Depot from $288.00 to $375.00 in a research note on Tuesday, May 4th. UBS Group upped their price objective on shares of The Home Depot from $305.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 14th. Morgan Stanley upped their price objective on shares of The Home Depot from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, May 24th. Loop Capital increased their price target on shares of The Home Depot from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, May 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of The Home Depot from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, April 19th. Five analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $325.21.

In other news, EVP Matt Carey sold 113,138 shares of the firm’s stock in a transaction dated Monday, May 24th. The shares were sold at an average price of $316.00, for a total transaction of $35,751,608.00. Following the sale, the executive vice president now owns 78,594 shares of the company’s stock, valued at approximately $24,835,704. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: 52 Week Highs and Lows

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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