The Home Depot, Inc. (NYSE:HD) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its position in The Home Depot, Inc. (NYSE:HD) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 93,346 shares of the home improvement retailer’s stock after purchasing an additional 4,902 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Home Depot were worth $32,350,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Bare Financial Services Inc bought a new stake in Home Depot during the fourth quarter worth approximately $26,000. Keener Financial Planning LLC bought a new position in shares of Home Depot in the fourth quarter valued at $31,000. PFG Private Wealth Management LLC increased 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 buying an additional 32 shares in the last quarter. Gilfoyle & Co LLC bought a new position in shares of Home Depot in the fourth quarter valued at $35,000. Finally, Advantage Trust Co bought a new position in shares of Home Depot in the fourth quarter valued at $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’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 sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD traded down $1.79 during mid-day trading on Friday, hitting $325.10. The company’s stock had a trading volume of 2,692,315 shares, compared to its average volume of 3,395,206. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The company has a market capitalization of $322.37 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.28 and a beta of 1.01. The stock has a fifty day moving average of $351.51 and a 200-day moving average of $347.35.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the prior year, the business posted $3.82 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.31 EPS 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 given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, May 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HD. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Royal Bank of Canada lifted their price objective on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. HSBC lowered their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $377.46.

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.