Worth Financial Advisory Group LLC Has $1.04 Million Position in The Home Depot, Inc. (NYSE:HD)

Worth Financial Advisory Group LLC increased its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,991 shares of the home improvement retailer’s stock after purchasing an additional 87 shares during the period. Home Depot makes up about 0.8% of Worth Financial Advisory Group LLC’s portfolio, making the stock its 27th biggest holding. Worth Financial Advisory Group LLC’s holdings in Home Depot were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HD. Congress Wealth Management LLC DE increased its stake in Home Depot by 3.7% during the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after acquiring an additional 3,162 shares during the period. Psagot Value Holdings Ltd. Israel increased its stake in Home Depot by 8.0% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after acquiring an additional 200 shares during the period. Zullo Investment Group Inc. increased its stake in Home Depot by 6.6% during the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after acquiring an additional 504 shares during the period. Clear Harbor Asset Management LLC increased its stake in Home Depot by 1.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 19,563 shares of the home improvement retailer’s stock worth $6,780,000 after acquiring an additional 301 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its stake in Home Depot by 119.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock worth $890,000 after acquiring an additional 1,605 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the business’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 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 the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the business’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 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 the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’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 directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HD shares. Robert W. Baird restated an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Royal Bank of Canada lifted their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research note on Monday, February 26th. Evercore ISI lifted their price target on Home Depot from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Stifel Nicolaus lifted their price target on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Telsey Advisory Group lifted their price target on Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $368.76.

Get Our Latest Research Report on Home Depot

Home Depot Stock Down 0.6 %

Shares of HD opened at $383.60 on Monday. The company has a market capitalization of $380.16 billion, a PE ratio of 25.40, a PEG ratio of 2.53 and a beta of 0.99. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock’s 50-day moving average price is $369.40 and its two-hundred day moving average price is $335.33. 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:HDGet Free Report) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current year.

Home Depot Increases Dividend

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

Home Depot 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.

See Also

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

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