Bernard Wealth Management Corp. Invests $1.90 Million in The Home Depot, Inc. (NYSE:HD)

Bernard Wealth Management Corp. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,895 shares of the home improvement retailer's stock, valued at approximately $1,904,000. Home Depot accounts for approximately 0.9% of Bernard Wealth Management Corp.'s portfolio, making the stock its 24th largest position.

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

Insider Buying and Selling

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

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 target price (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

NYSE HD traded down $0.44 during trading hours on Friday, hitting $367.85. 4,110,311 shares of the company's stock traded hands, compared to its average volume of 3,433,492. The business's fifty day moving average price is $360.92 and its two-hundred day moving average price is $386.04. 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 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 Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates 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 business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.63 earnings per share. Equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot's dividend payout ratio is 62.42%.

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.