The Home Depot, Inc. (NYSE:HD) Shares Sold by ROI Financial Advisors LLC

ROI Financial Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,341 shares of the home improvement retailer’s stock after selling 160 shares during the quarter. Home Depot makes up about 3.8% of ROI Financial Advisors LLC’s holdings, making the stock its 11th largest position. ROI Financial Advisors LLC’s holdings in Home Depot were worth $5,578,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc lifted its stake in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after purchasing an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in shares of Home Depot by 19.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock valued at $9,242,000 after acquiring an additional 3,873 shares during the period. Pensionfund Sabic boosted its stake in shares of Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after acquiring an additional 3,800 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after acquiring an additional 1,506 shares during the period. Finally, Johnson & White Wealth Management LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $1,793,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of HD opened at $353.78 on Friday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $351.67 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock’s fifty day simple moving average is $384.89 and its 200 day simple moving average is $398.15.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $39.15 billion. During the same period last year, the business posted $2.82 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, March 13th. Home Depot’s payout ratio is currently 61.66%.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. HSBC raised 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 report on Wednesday, February 26th. Wedbush restated an “outperform” rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Wells Fargo & Company increased their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

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.