Newbridge Financial Services Group Inc. Acquires 691 Shares of The Home Depot, Inc. (NYSE:HD)

Newbridge Financial Services Group Inc. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,750 shares of the home improvement retailer’s stock after buying an additional 691 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Home Depot were worth $3,015,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HD. Kestra Private Wealth Services LLC lifted its stake in Home Depot by 17.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 95,186 shares of the home improvement retailer’s stock valued at $37,026,000 after purchasing an additional 14,376 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Home Depot by 3.4% in the 4th quarter. Stephens Inc. AR now owns 61,856 shares of the home improvement retailer’s stock valued at $24,061,000 after acquiring an additional 2,031 shares during the last quarter. Stockman Wealth Management Inc. boosted its holdings in shares of Home Depot by 1.1% during the 4th quarter. Stockman Wealth Management Inc. now owns 20,457 shares of the home improvement retailer’s stock valued at $7,958,000 after acquiring an additional 226 shares in the last quarter. Benedict Financial Advisors Inc. grew its position in Home Depot by 11.1% during the 4th quarter. Benedict Financial Advisors Inc. now owns 6,525 shares of the home improvement retailer’s stock worth $2,538,000 after acquiring an additional 651 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. grew its position in Home Depot by 12.3% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 1,386 shares of the home improvement retailer’s stock worth $539,000 after acquiring an additional 152 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD opened at $407.39 on Monday. The stock has a 50-day moving average of $406.14 and a 200-day moving average of $394.24. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $404.68 billion, a PE ratio of 27.68, a P/E/G ratio of 4.22 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the company posted $3.81 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. Home Depot’s dividend payout ratio is presently 61.14%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is currently owned by insiders.

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.