Hohimer Wealth Management LLC Buys 165 Shares of The Home Depot, Inc. (NYSE:HD)

Hohimer Wealth Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,614 shares of the home improvement retailer’s stock after purchasing an additional 165 shares during the quarter. Home Depot comprises about 1.2% of Hohimer Wealth Management LLC’s holdings, making the stock its 19th biggest position. Hohimer Wealth Management LLC’s holdings in Home Depot were worth $4,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter valued at approximately $26,000. Keener Financial Planning LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its stake in 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 purchasing an additional 32 shares during the period. Gilfoyle & Co LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $35,000. Finally, Briaud Financial Planning Inc bought a new stake in Home Depot during the 3rd quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. TD Cowen cut their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. UBS Group cut their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Royal Bank of Canada raised their price target on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Trading Down 1.0 %

HD traded down $3.43 during trading hours on Thursday, reaching $327.16. 1,653,020 shares of the company’s stock traded hands, compared to its average volume of 3,377,578. The firm has a 50-day moving average price of $352.48 and a 200 day moving average price of $347.49. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 has a market capitalization of $324.22 billion, a PE ratio of 21.91, a PEG ratio of 2.32 and a beta of 1.01.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was 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 of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate 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.