The Home Depot, Inc. (NYSE:HD) Shares Purchased by Bard Financial Services Inc.

Bard Financial Services Inc. increased its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 87,155 shares of the home improvement retailer’s stock after buying an additional 3,305 shares during the quarter. Home Depot makes up 3.4% of Bard Financial Services Inc.’s holdings, making the stock its 5th biggest holding. Bard Financial Services Inc.’s holdings in Home Depot were worth $30,204,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $4,311,070,000. International Assets Investment Management LLC lifted its holdings in Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Home Depot in the 3rd quarter valued at about $207,210,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Home Depot by 20.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after buying an additional 421,619 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Oppenheimer cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Robert W. Baird reiterated an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Wednesday, February 14th. DA Davidson restated a “neutral” rating and set a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $377.46.

Read Our Latest Stock Analysis on HD

Home Depot Stock Performance

Shares of HD stock traded down $6.28 during mid-day trading on Monday, reaching $337.93. The stock had a trading volume of 3,236,221 shares, compared to its average volume of 3,379,992. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a market cap of $334.90 billion, a PE ratio of 22.80, a P/E/G ratio of 2.31 and a beta of 1.01. The firm’s 50 day simple moving average is $354.88 and its 200 day simple moving average is $347.02.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.82 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.3 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be given a dividend of $2.25 per share. The ex-dividend date is Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.66%. Home Depot’s dividend payout ratio is 60.36%.

Insider Buying and Selling 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 Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 disclosure for this sale can be found here. Insiders have sold 100,991 shares of company stock worth $35,915,914 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

(Free Report)

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 d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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