Forthright Family Wealth Advisory LLC Purchases New Holdings in The Home Depot, Inc. (NYSE:HD)

Forthright Family Wealth Advisory LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 646 shares of the home improvement retailer’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in Home Depot in the 4th quarter valued at $4,311,070,000. International Assets Investment Management LLC lifted its stake in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Home Depot by 38.4% during the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after buying an additional 992,444 shares during the period. Finally, TD Asset Management Inc grew its stake in Home Depot by 38.9% in the 4th quarter. TD Asset Management Inc now owns 1,769,610 shares of the home improvement retailer’s stock valued at $613,258,000 after buying an additional 495,894 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th. Stifel Nicolaus lifted their target price on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Mizuho started coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. Finally, DA Davidson reiterated a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $377.46.

Home Depot Price Performance

Shares of NYSE HD traded down $1.04 during midday trading on Friday, reaching $346.84. 2,588,960 shares of the company were exchanged, compared to its average volume of 3,346,942. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market cap of $343.93 billion, a P/E ratio of 23.26, a PEG ratio of 2.40 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock’s 50-day moving average price is $337.58 and its 200-day moving average price is $350.74.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.82 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.3 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.