Hexagon Capital Partners LLC Has $887,000 Stake in The Home Depot, Inc. (NYSE:HD)

Hexagon Capital Partners LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 12.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,559 shares of the home improvement retailer’s stock after buying an additional 282 shares during the period. Hexagon Capital Partners LLC’s holdings in Home Depot were worth $887,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HD. Optas LLC raised its stake in shares of Home Depot by 1.7% in the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 29 shares during the last quarter. Harvest Investment Advisors LLC grew its holdings in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after acquiring an additional 30 shares in the last quarter. Armstrong Henry H Associates Inc. grew its holdings in shares of Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after acquiring an additional 30 shares in the last quarter. CGC Financial Services LLC grew its holdings in shares of Home Depot by 4.3% in the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock valued at $250,000 after acquiring an additional 30 shares in the last quarter. Finally, Independent Investors Inc. grew its holdings in shares of Home Depot by 0.5% in the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

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 dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’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 transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HD shares. The Goldman Sachs Group upped their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Mizuho began coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective for the company. Bank of America increased their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Oppenheimer lowered Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, Evercore ISI reduced 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Price Performance

Shares of HD stock traded down $2.57 on Tuesday, reaching $334.23. The company’s stock had a trading volume of 3,088,022 shares, compared to its average volume of 3,341,935. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a market capitalization of $331.23 billion, a P/E ratio of 22.13, a PEG ratio of 2.23 and a beta of 0.98. The stock’s 50 day simple moving average is $363.69 and its 200-day simple moving average is $341.88.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the business posted $3.30 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot Company 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.