Cross Staff Investments Inc Acquires 145 Shares of The Home Depot, Inc. (NYSE:HD)

Cross Staff Investments Inc boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,653 shares of the home improvement retailer’s stock after purchasing an additional 145 shares during the quarter. Home Depot comprises approximately 1.7% of Cross Staff Investments Inc’s holdings, making the stock its 11th largest position. Cross Staff Investments Inc’s holdings in Home Depot were worth $1,959,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Optas LLC raised its stake in shares of Home Depot by 1.7% in the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock valued at $607,000 after buying an additional 29 shares during the period. Harvest Investment Advisors LLC raised its stake in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after buying an additional 30 shares during the period. Armstrong Henry H Associates Inc. grew its position in shares of Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after purchasing an additional 30 shares in the last quarter. CGC Financial Services LLC grew its position in shares of Home Depot by 4.3% in the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock valued at $250,000 after purchasing an additional 30 shares in the last quarter. Finally, Independent Investors Inc. grew its position in shares of Home Depot by 0.5% in the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HD. Wells Fargo & Company lifted their price target on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. DA Davidson restated a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research report on Monday, April 1st. Mizuho started coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price for the company. Finally, TD Cowen boosted their target price on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Trading Up 0.8 %

HD traded up $2.61 during midday trading on Friday, reaching $334.59. 1,268,741 shares of the company’s stock traded hands, compared to its average volume of 3,339,292. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a market capitalization of $331.59 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.22 and a beta of 0.98. The firm has a fifty day moving average of $365.31 and a two-hundred day moving average of $340.40. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating 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 firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the prior year, the company posted $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is currently 59.60%.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction 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 transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate 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.