Blackston Financial Advisory Group LLC Invests $634,000 in The Home Depot, Inc. (NYSE:HD)

Blackston Financial Advisory Group LLC acquired a new position in The Home Depot, Inc. (NYSE:HDFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,830 shares of the home improvement retailer’s stock, valued at approximately $634,000.

Other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new position in Home Depot during the second quarter valued at about $26,000. Fairfield Bush & CO. acquired a new stake in Home Depot during the first quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new stake in Home Depot during the first quarter valued at approximately $28,000. Studio Investment Management LLC acquired a new stake in Home Depot during the fourth quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the first quarter valued at approximately $37,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, 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 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 value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, 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 firm’s stock in a transaction dated 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 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. 0.19% of the stock is owned by corporate insiders.

Home Depot Stock Performance

HD opened at $383.57 on Friday. The business’s 50-day moving average price is $368.47 and its two-hundred day moving average price is $334.54. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a market capitalization of $380.13 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.51 and a beta of 0.99. 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:HDGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the business posted $3.30 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.35%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. Mizuho started coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Citigroup boosted their target price on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. The Goldman Sachs Group increased their price objective on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus increased their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $368.76.

Read Our Latest Research Report on HD

Home Depot Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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