Nestegg Advisors Inc. Takes Position in The Home Depot, Inc. (NYSE:HD)

Nestegg Advisors Inc. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,564 shares of the home improvement retailer's stock, valued at approximately $665,000. Home Depot accounts for 0.7% of Nestegg Advisors Inc.'s investment portfolio, making the stock its 23rd largest holding.

Several other large investors have also bought and sold shares of HD. Norges Bank bought a new stake in Home Depot during the 4th quarter valued at approximately $5,032,910,000. Raymond James Financial Inc. bought a new stake in Home Depot during the 4th quarter valued at approximately $2,212,546,000. Proficio Capital Partners LLC boosted its position in Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after acquiring an additional 2,030,372 shares in the last quarter. Northern Trust Corp boosted its position in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after acquiring an additional 1,424,857 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $471,189,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and boosted their price target for the stock from $405.00 to $425.00 in a research report on Wednesday, May 21st. Robert W. Baird dropped their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Mizuho lowered their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Royal Bank of Canada lowered their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

Home Depot stock traded down $0.44 during mid-day trading on Friday, hitting $367.85. The stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,433,521. The firm has a market capitalization of $365.65 billion, a P/E ratio of 24.99, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm's 50 day moving average is $360.78 and its 200 day moving average is $386.29. The Home Depot, Inc. has a one year low of $323.93 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

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.