KFA Private Wealth Group LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

KFA Private Wealth Group LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 942 shares of the home improvement retailer’s stock after acquiring an additional 87 shares during the period. KFA Private Wealth Group LLC’s holdings in Home Depot were worth $327,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC lifted its stake in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the last quarter. Gilfoyle & Co LLC purchased a new position in Home Depot in the fourth quarter worth approximately $35,000. Briaud Financial Planning Inc purchased a new position in Home Depot in the third quarter worth approximately $41,000. Finally, Quantbot Technologies LP acquired a new stake in Home Depot during the third quarter worth approximately $64,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wedbush lifted their target price on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Mizuho initiated coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. HSBC restated a “reduce” rating and set a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. Finally, Guggenheim reiterated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $375.96.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now 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 SEC, which is available at this link. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now 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 SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’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 sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD traded up $3.03 during trading on Friday, hitting $335.01. The stock had a trading volume of 2,464,650 shares, compared to its average volume of 3,354,161. The company has a 50 day moving average price of $364.77 and a 200-day moving average price of $340.68. The firm has a market cap of $332.00 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.22 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. 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 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. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio 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.