The Home Depot, Inc. (NYSE:HD) Shares Sold by Sharkey Howes & Javer

Sharkey Howes & Javer trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,714 shares of the home improvement retailer’s stock after selling 46 shares during the period. Sharkey Howes & Javer’s holdings in Home Depot were worth $667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Wealth Planning LLC boosted its position in shares of Home Depot by 0.4% during the 4th quarter. Capital Wealth Planning LLC now owns 1,443,968 shares of the home improvement retailer’s stock worth $561,689,000 after acquiring an additional 5,662 shares in the last quarter. Onefund LLC boosted its position in shares of Home Depot by 2.8% during the 4th quarter. Onefund LLC now owns 2,678 shares of the home improvement retailer’s stock worth $1,042,000 after acquiring an additional 73 shares in the last quarter. Nixon Peabody Trust Co. boosted its position in shares of Home Depot by 3.9% during the 4th quarter. Nixon Peabody Trust Co. now owns 13,818 shares of the home improvement retailer’s stock worth $5,375,000 after acquiring an additional 523 shares in the last quarter. Hamel Associates Inc. boosted its position in shares of Home Depot by 0.4% during the 4th quarter. Hamel Associates Inc. now owns 11,372 shares of the home improvement retailer’s stock worth $4,424,000 after acquiring an additional 42 shares in the last quarter. Finally, Flaharty Asset Management LLC boosted its position in shares of Home Depot by 11.0% during the 4th quarter. Flaharty Asset Management LLC now owns 2,528 shares of the home improvement retailer’s stock worth $983,000 after acquiring an additional 251 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 1.6 %

HD opened at $396.69 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business has a 50 day simple moving average of $401.36 and a 200-day simple moving average of $399.06. The stock has a market capitalization of $394.06 billion, a P/E ratio of 26.95, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $2.82 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday. Guggenheim reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday. Finally, Royal Bank of Canada reduced their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

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.