Align Wealth Management LLC Buys New Shares in The Home Depot, Inc. (NYSE:HD)

Align Wealth Management LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) during the 4th quarter, Holdings Channel reports. The firm bought 110 shares of the home improvement retailer’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Heartwood Wealth Advisors LLC lifted its position in shares of Home Depot by 4.1% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $437,000 after acquiring an additional 63 shares in the last quarter. West Branch Capital LLC lifted its position in shares of Home Depot by 0.4% in the third quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock valued at $2,998,000 after acquiring an additional 41 shares in the last quarter. Bell & Brown Wealth Advisors LLC lifted its position in shares of Home Depot by 3.3% in the third quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock valued at $2,159,000 after acquiring an additional 253 shares in the last quarter. Community Bank of Raymore lifted its position in shares of Home Depot by 120.0% in the third quarter. Community Bank of Raymore now owns 1,650 shares of the home improvement retailer’s stock valued at $455,000 after acquiring an additional 900 shares in the last quarter. Finally, Alphastar Capital Management LLC lifted its position in shares of Home Depot by 5.3% in the third quarter. Alphastar Capital Management LLC now owns 20,249 shares of the home improvement retailer’s stock valued at $5,587,000 after acquiring an additional 1,025 shares in the last quarter. 68.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on HD. Cowen lowered their price objective on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 target price on the stock. Wedbush lifted their target price on Home Depot from $280.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Cowen reduced their target price on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Finally, Barclays reduced their target price on Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.45.

Home Depot Trading Up 0.6 %

HD opened at $288.39 on Friday. The stock has a market cap of $295.23 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.61 and a beta of 0.93. The stock’s 50 day moving average price is $310.70 and its 200-day moving average price is $303.66. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $347.25. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41.

Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. The firm had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.21 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be paid a dividend of $2.09 per share. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date is Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. Home Depot’s dividend payout ratio is currently 50.12%.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.