Wynn Capital LLC Buys New Position in The Home Depot, Inc. (NYSE:HD)

Wynn Capital LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 700 shares of the home improvement retailer’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keener Financial Planning LLC bought a new position in Home Depot in the fourth quarter worth approximately $31,000. PFG Private Wealth Management LLC lifted its holdings in shares of 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 valued at $32,000 after purchasing an additional 32 shares in the last quarter. Gilfoyle & Co LLC purchased a new stake in Home Depot in the fourth quarter worth $35,000. Briaud Financial Planning Inc purchased a new stake in Home Depot in the third quarter worth $41,000. Finally, Quantbot Technologies LP purchased a new stake in Home Depot in the third quarter worth $64,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock traded down $1.80 during trading on Thursday, reaching $331.21. 1,279,860 shares of the stock traded hands, compared to its average volume of 3,333,798. The company has a market capitalization of $328.24 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.26 and a beta of 0.98. The business has a fifty day simple moving average of $365.90 and a two-hundred day simple moving average of $340.46. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

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, topping the consensus estimate 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 company had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the business posted $3.30 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.72%. Home Depot’s payout ratio is 59.60%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HD. Wells Fargo & Company raised their target price on Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. The Goldman Sachs Group lifted their price objective on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Royal Bank of Canada upped their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Evercore ISI cut their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Citigroup raised their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly 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 currently owned by insiders.

About Home Depot

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.