ARS Wealth Advisors Group LLC Purchases 13,152 Shares of The Home Depot, Inc. (NYSE:HD)

ARS Wealth Advisors Group LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 59.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,211 shares of the home improvement retailer’s stock after buying an additional 13,152 shares during the period. Home Depot comprises 1.8% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 20th largest holding. ARS Wealth Advisors Group LLC’s holdings in Home Depot were worth $12,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. Bare Financial Services Inc purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $26,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its holdings in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $35,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Home Depot during the third quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their target price for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. The Goldman Sachs Group upped their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Performance

HD stock traded up $7.32 during trading on Friday, reaching $342.85. The company had a trading volume of 4,165,054 shares, compared to its average volume of 3,606,830. The firm has a 50-day simple moving average of $361.75 and a 200-day simple moving average of $342.08. The company has a market cap of $339.77 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the business earned $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.37 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 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.63%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.