The Home Depot, Inc. (NYSE:HD) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners boosted its position in The Home Depot, Inc. (NYSE:HD) by 508.9% in the 4th quarter, Holdings Channel reports. The firm owned 9,073 shares of the home improvement retailer’s stock after acquiring an additional 7,583 shares during the quarter. Home Depot accounts for about 0.7% of Golden State Equity Partners’ portfolio, making the stock its 29th largest position. Golden State Equity Partners’ holdings in Home Depot were worth $3,529,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in Home Depot during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $41,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 3rd quarter worth approximately $46,000. Finally, Finley Financial LLC purchased a new position in Home Depot during the 4th quarter worth approximately $59,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on HD shares. Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One research 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. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Down 0.7 %

Shares of NYSE:HD opened at $409.18 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 Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock’s fifty day simple moving average is $407.86 and its 200-day simple moving average is $392.76. The company has a market capitalization of $406.46 billion, a P/E ratio of 27.80, a P/E/G ratio of 4.34 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share 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 given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by company insiders.

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.