The Home Depot, Inc. (NYSE:HD) Shares Purchased by Aire Advisors LLC

Aire Advisors LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,047 shares of the home improvement retailer’s stock after purchasing an additional 102 shares during the period. Aire Advisors LLC’s holdings in Home Depot were worth $1,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the fourth quarter worth $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the third quarter worth approximately $41,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock opened at $363.97 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The business has a fifty day simple moving average of $393.46 and a 200-day simple moving average of $399.16.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share 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 during the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change 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 61.66%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Wells Fargo & Company boosted their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price objective on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” 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 company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $435.85.

Home Depot 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.