Northstar Advisory Group LLC Has $1.21 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Northstar Advisory Group LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 28.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,490 shares of the home improvement retailer’s stock after purchasing an additional 779 shares during the quarter. Northstar Advisory Group LLC’s holdings in Home Depot were worth $1,209,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new stake in Home Depot during the 2nd quarter worth about $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HD. TD Cowen raised their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. HSBC downgraded shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price on the stock. in a report on Wednesday, February 21st. The Goldman Sachs Group raised their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Citigroup raised their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Oppenheimer downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $368.76.

Home Depot Stock Down 0.8 %

HD stock opened at $382.97 on Thursday. The company has a market cap of $379.53 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. The business has a 50-day simple moving average of $367.86 and a 200 day simple moving average of $334.18. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during 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%. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

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