The Home Depot, Inc. (NYSE:HD) Shares Sold by FWG Holdings LLC

FWG Holdings LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,310 shares of the home improvement retailer’s stock after selling 29 shares during the quarter. Home Depot accounts for approximately 0.7% of FWG Holdings LLC’s holdings, making the stock its 26th largest position. FWG Holdings LLC’s holdings in Home Depot were worth $1,353,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot during the 4th quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot during the 3rd quarter worth $41,000. Finally, Marshall Investment Management LLC acquired a new stake in Home Depot in the fourth quarter worth $41,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Mizuho raised their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Finally, KGI Securities raised Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Price Performance

Shares of NYSE:HD opened at $376.66 on Monday. The firm has a market cap of $374.16 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business has a fifty day simple moving average of $400.21 and a 200 day simple moving average of $400.02.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.44%. Home Depot’s dividend payout ratio is currently 61.66%.

About Home Depot

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.