The Home Depot, Inc. (NYSE:HD) Shares Bought by Alesco Advisors LLC

Alesco Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 911 shares of the home improvement retailer’s stock after purchasing an additional 30 shares during the period. Alesco Advisors LLC’s holdings in Home Depot were worth $316,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Congress Wealth Management LLC DE increased its holdings in shares of Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after purchasing an additional 3,162 shares during the period. Hartline Investment Corp boosted its stake in Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after buying an additional 460 shares in the last quarter. Wolf Group Capital Advisors boosted its stake in Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock valued at $2,604,000 after buying an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new position in Home Depot during the fourth quarter valued at about $253,000. Finally, Psagot Value Holdings Ltd. Israel boosted its stake in Home Depot by 8.0% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after buying an additional 200 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.9 %

Home Depot stock traded up $3.03 during mid-day trading on Friday, hitting $335.01. The company’s stock had a trading volume of 2,464,650 shares, compared to its average volume of 3,354,161. The firm’s 50 day moving average is $364.77 and its 200 day moving average is $340.68. The company has a market cap of $332.00 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

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

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $368.63, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HD shares. Citigroup raised their target price on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Wedbush raised their target price on Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Bank of America raised their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group raised their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Guggenheim reiterated a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $375.96.

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.