BridgePort Financial Solutions LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

BridgePort Financial Solutions LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,965 shares of the home improvement retailer's stock, valued at approximately $767,000.

Other institutional investors also recently bought and sold shares of the company. Wealth Group Ltd. increased its holdings in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in Home Depot in the 4th quarter valued at $281,000. Capital & Planning LLC increased its holdings in Home Depot by 110.2% in the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock valued at $418,000 after purchasing an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in Home Depot by 0.7% in the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock valued at $1,765,000 after purchasing an additional 32 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated 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 directly owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HD shares. Mizuho decreased their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. TD Securities reissued a "buy" rating and issued a $470.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Gordon Haskett upped their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective 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 company. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Down 0.7%

Shares of HD stock traded down $2.59 on Wednesday, hitting $367.81. The company's stock had a trading volume of 2,977,986 shares, compared to its average volume of 3,430,623. The stock has a market capitalization of $365.61 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm's fifty day moving average price is $360.70 and its 200-day moving average price is $386.56.

Home Depot (NYSE:HD - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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