The Home Depot, Inc. (NYSE:HD) Shares Sold by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,196 shares of the home improvement retailer’s stock after selling 158 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Home Depot were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Natural Investments LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $7,581,000. AGF Management Ltd. grew its stake in Home Depot by 30.5% in the 4th quarter. AGF Management Ltd. now owns 269,118 shares of the home improvement retailer’s stock worth $104,684,000 after acquiring an additional 62,974 shares during the period. Avantax Planning Partners Inc. grew its stake in Home Depot by 3.3% in the 4th quarter. Avantax Planning Partners Inc. now owns 26,777 shares of the home improvement retailer’s stock worth $10,416,000 after acquiring an additional 853 shares during the period. Cushing Capital Partners LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $779,000. Finally, Inspire Advisors LLC grew its stake in Home Depot by 23.6% in the 4th quarter. Inspire Advisors LLC now owns 2,360 shares of the home improvement retailer’s stock worth $918,000 after acquiring an additional 451 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $368.49 on Wednesday. The firm’s 50 day moving average is $399.50 and its two-hundred day moving average is $400.03. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a market capitalization of $366.04 billion, a P/E ratio of 25.03, a PEG ratio of 4.03 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the business earned $2.82 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Analyst Upgrades and Downgrades

Several research firms have commented on HD. Robert W. Baird lowered their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Evercore ISI upped their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot 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.