Tandem Capital Management Corp ADV Has $1.56 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Tandem Capital Management Corp ADV boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,494 shares of the home improvement retailer’s stock after buying an additional 178 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Home Depot were worth $1,557,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Naples Global Advisors LLC lifted its position in shares of Home Depot by 0.5% during the 3rd quarter. Naples Global Advisors LLC now owns 33,690 shares of the home improvement retailer’s stock valued at $10,180,000 after acquiring an additional 162 shares during the period. Clarus Group Inc. boosted its position in shares of Home Depot by 9.5% during the 3rd quarter. Clarus Group Inc. now owns 1,814 shares of the home improvement retailer’s stock worth $548,000 after purchasing an additional 158 shares in the last quarter. McBroom & Associates LLC grew its stake in shares of Home Depot by 4.2% in the 3rd quarter. McBroom & Associates LLC now owns 15,635 shares of the home improvement retailer’s stock valued at $4,724,000 after buying an additional 636 shares during the period. Legacy Trust increased its position in Home Depot by 0.8% in the 3rd quarter. Legacy Trust now owns 8,483 shares of the home improvement retailer’s stock valued at $2,563,000 after buying an additional 70 shares in the last quarter. Finally, Traynor Capital Management Inc. boosted its holdings in Home Depot by 1.7% in the third quarter. Traynor Capital Management Inc. now owns 40,423 shares of the home improvement retailer’s stock worth $12,214,000 after acquiring an additional 682 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD traded down $1.11 on Thursday, hitting $331.90. The company’s stock had a trading volume of 3,786,779 shares, compared to its average volume of 3,364,632. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a market cap of $328.92 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company’s 50 day simple moving average is $365.31 and its 200-day simple moving average is $340.40.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. During the same period in the previous year, the business earned $3.30 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.71%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Telsey Advisory Group boosted their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research report on Monday, April 1st. Bank of America raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Wells Fargo & Company boosted their price objective on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by 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.