Vivaldi Capital Management LP Grows Stake in The Home Depot, Inc. (NYSE:HD)

Vivaldi Capital Management LP raised its stake in The Home Depot, Inc. (NYSE:HD) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,397 shares of the home improvement retailer’s stock after acquiring an additional 506 shares during the quarter. Vivaldi Capital Management LP’s holdings in Home Depot were worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Bare Financial Services Inc purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $35,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Wedbush reaffirmed an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. DA Davidson reaffirmed a “neutral” rating and set a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. The Goldman Sachs Group upped their target price on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Evercore ISI increased their price target on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $377.46.

Home Depot Trading Up 1.0 %

Shares of NYSE:HD traded up $3.20 on Tuesday, hitting $335.76. The company had a trading volume of 3,250,277 shares, compared to its average volume of 3,398,649. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm’s 50-day simple moving average is $338.31 and its two-hundred day simple moving average is $350.56. The firm has a market capitalization of $332.94 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.25 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $3.82 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.31 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be paid a $2.25 dividend. The ex-dividend date is Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.68%. Home Depot’s payout ratio is 60.36%.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.