Investmark Advisory Group LLC Has $5 Million Stake in The Home Depot, Inc. (NYSE:HD)

Investmark Advisory Group LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,851 shares of the home improvement retailer’s stock after selling 243 shares during the period. Home Depot makes up about 2.5% of Investmark Advisory Group LLC’s portfolio, making the stock its 8th largest position. Investmark Advisory Group LLC’s holdings in Home Depot were worth $4,999,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HD. Synergy Asset Management LLC purchased a new position in Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the 4th quarter worth about $28,000. Navigoe LLC purchased a new stake in Home Depot in the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $32,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Mizuho decreased their price objective on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $427.92.

Home Depot Stock Down 1.7%

HD stock opened at $370.71 on Thursday. The stock has a 50-day simple moving average of $359.38 and a two-hundred day simple moving average of $387.66. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $368.50 billion, a PE ratio of 25.18, a PEG ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.63 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.48%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

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.