Hoylecohen LLC Buys 854 Shares of The Home Depot, Inc. (NYSE:HD)

Hoylecohen LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,205 shares of the home improvement retailer’s stock after acquiring an additional 854 shares during the period. Hoylecohen LLC’s holdings in Home Depot were worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Home Depot during the fourth quarter worth approximately $4,311,070,000. International Assets Investment Management LLC raised its position in 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 purchasing an additional 5,525,791 shares during the last quarter. Jennison Associates LLC raised its position in shares of Home Depot by 38.4% in 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 acquiring an additional 1,207,388 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Home Depot in the 3rd quarter valued at about $207,210,000. Finally, Envestnet Asset Management Inc. increased its position in Home Depot by 20.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after buying an additional 421,619 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.5 %

Home Depot stock traded down $1.79 during trading hours on Friday, reaching $325.10. 2,692,315 shares of the company’s stock traded hands, compared to its average volume of 3,395,206. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $322.37 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.28 and a beta of 1.01. The firm’s 50 day moving average is $351.51 and its 200-day moving average is $347.35.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter last year, the firm posted $3.82 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 15.31 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be issued a dividend of $2.25 per share. The ex-dividend date is Wednesday, May 29th. This represents a $9.00 annualized dividend and a yield of 2.77%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was 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 approximately $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HD shares. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Wells Fargo & Company lowered their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Citigroup cut their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Tuesday, May 14th. Finally, StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

About Home Depot

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.