Bare Financial Services Inc Invests $26,000 in The Home Depot, Inc. (NYSE:HD)

Bare Financial Services Inc purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 74 shares of the home improvement retailer’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Modus Advisors LLC lifted its position in shares of Home Depot by 2.4% during the third quarter. Modus Advisors LLC now owns 8,372 shares of the home improvement retailer’s stock worth $2,530,000 after purchasing an additional 197 shares in the last quarter. Signet Investment Advisory Group Inc. lifted its position in shares of Home Depot by 3.8% during the third quarter. Signet Investment Advisory Group Inc. now owns 7,492 shares of the home improvement retailer’s stock worth $2,264,000 after purchasing an additional 277 shares in the last quarter. Bfsg LLC lifted its position in shares of Home Depot by 3.6% during the third quarter. Bfsg LLC now owns 16,925 shares of the home improvement retailer’s stock worth $5,114,000 after purchasing an additional 585 shares in the last quarter. One Day In July LLC acquired a new position in shares of Home Depot during the third quarter worth $332,000. Finally, Avestar Capital LLC lifted its position in shares of Home Depot by 6.6% during the third quarter. Avestar Capital LLC now owns 4,446 shares of the home improvement retailer’s stock worth $1,343,000 after purchasing an additional 276 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

HD stock traded up $3.56 during trading on Thursday, hitting $335.53. The company had a trading volume of 3,125,655 shares, compared to its average volume of 3,339,916. The firm has a market capitalization of $332.52 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.23 and a beta of 1.01. The business has a 50 day moving average of $363.04 and a 200 day moving average of $341.81. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

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

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.68%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is presently 59.60%.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. DA Davidson restated a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. TD Cowen lifted their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $375.96.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.