Family Asset Management LLC Purchases 40 Shares of The Home Depot, Inc. (NYSE:HD)

Family Asset Management LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,319 shares of the home improvement retailer’s stock after purchasing an additional 40 shares during the quarter. Family Asset Management LLC’s holdings in Home Depot were worth $804,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares during the period. Jennison Associates LLC increased 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 purchasing an additional 1,207,388 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Home Depot during the third quarter worth approximately $207,210,000. Envestnet Asset Management Inc. boosted its stake in shares of Home Depot by 20.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after buying an additional 421,619 shares during the period. Finally, California Public Employees Retirement System grew its position in Home Depot by 11.3% during the third quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after buying an additional 346,641 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.2 %

Shares of Home Depot stock traded down $0.57 during trading on Monday, hitting $342.28. The company’s stock had a trading volume of 3,366,053 shares, compared to its average volume of 3,350,042. The stock has a market cap of $339.21 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a 50-day moving average price of $361.16 and a two-hundred day moving average price of $343.16. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last released 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 firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.30 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HD shares. Evercore ISI dropped their price objective on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Mizuho began coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective for the company. Robert W. Baird restated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. HSBC reiterated a “reduce” rating and set a $323.00 price target on shares of Home Depot in a research report on Wednesday, April 3rd. Finally, Wedbush boosted their price objective on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Insider Activity

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the 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 transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company 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.