Investors Asset Management of Georgia Inc. GA ADV Has $5.36 Million Position in The Home Depot, Inc. (NYSE:HD)

Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,518 shares of the home improvement retailer’s stock after purchasing an additional 1,000 shares during the period. Home Depot comprises 2.7% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 4th biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Home Depot were worth $5,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Keener Financial Planning LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $31,000. Fairfield Bush & CO. bought a new position in shares of Home Depot in the first quarter valued at approximately $27,000. PFG Private Wealth Management LLC raised its stake in shares of Home Depot by 53.3% in 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 last quarter. KB Financial Partners LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $28,000. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $35,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HD. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Evercore ISI lowered their price target on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday. Wedbush raised their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen raised their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Trading Up 0.0 %

Home Depot stock opened at $332.89 on Friday. The firm has a 50-day moving average of $367.92 and a 200-day moving average of $338.97. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a market cap of $329.90 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the prior year, the business posted $3.30 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company 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. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

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 value of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 value of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were 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 in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.