AlphaCore Capital LLC Purchases 279 Shares of The Home Depot, Inc. (NYSE:HD)

AlphaCore Capital LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,447 shares of the home improvement retailer’s stock after buying an additional 279 shares during the period. Home Depot makes up approximately 0.7% of AlphaCore Capital LLC’s holdings, making the stock its 25th largest holding. AlphaCore Capital LLC’s holdings in Home Depot were worth $3,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mackenzie Financial Corp grew its stake in shares of Home Depot by 5.3% during the fourth quarter. Mackenzie Financial Corp now owns 643,284 shares of the home improvement retailer’s stock worth $250,231,000 after acquiring an additional 32,275 shares during the last quarter. Forum Financial Management LP lifted its holdings in Home Depot by 4.6% in the fourth quarter. Forum Financial Management LP now owns 15,364 shares of the home improvement retailer’s stock valued at $5,976,000 after acquiring an additional 682 shares during the period. Baer Investment Advisory LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $2,367,000. Griffith & Werner Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $3,599,000. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $1,211,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.8%

Shares of NYSE:HD opened at $363.17 on Friday. The company has a market capitalization of $361.00 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a 50-day simple moving average of $359.90 and a 200 day simple moving average of $387.20.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.63 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. Home Depot’s dividend payout ratio is currently 62.42%.

Analysts Set New Price Targets

Several analysts recently commented on HD shares. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Gordon Haskett lifted their price target on Home Depot from $350.00 to $360.00 in a research report on Tuesday. Finally, Robert W. Baird dropped their target price on Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $426.77.

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.