Woodard & Co. Asset Management Group Inc. ADV Acquires 220 Shares of The Home Depot, Inc. (NYSE:HD)

Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,389 shares of the home improvement retailer’s stock after purchasing an additional 220 shares during the period. Home Depot accounts for about 0.8% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 21st largest position. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Home Depot were worth $2,907,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HD. VisionPoint Advisory Group LLC acquired a new position in shares of Home Depot during the second quarter valued at $26,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the first quarter valued at $27,000. KB Financial Partners LLC acquired a new position in shares of Home Depot during the first quarter valued at $28,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 32 shares during the period. Finally, Studio Investment Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $32,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several research reports. Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Citigroup increased 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. Royal Bank of Canada increased their target price 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. TD Cowen raised their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, Wedbush raised their price target on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $376.35.

Insider Activity

In other news, 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Home Depot Trading Down 0.2 %

Shares of Home Depot stock opened at $361.15 on Wednesday. The company has a market capitalization of $357.91 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.38 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company has a fifty day moving average of $370.51 and a 200 day moving average of $337.67. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results 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 company 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 1,339.65%. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid 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 2.49%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is presently 59.60%.

Home Depot 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.