Chancellor Financial Group WB LP Buys Shares of 1,961 The Home Depot, Inc. (NYSE:HD)

Chancellor Financial Group WB LP bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,961 shares of the home improvement retailer's stock, valued at approximately $763,000.

Other large investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Navigoe LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $32,000. Finally, Quarry LP grew its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.1%

Shares of HD traded down $0.44 during mid-day trading on Friday, reaching $367.85. The company had a trading volume of 4,110,311 shares, compared to its average volume of 3,424,960. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $365.98 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The firm has a 50-day moving average price of $360.92 and a 200 day moving average price of $385.73. 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 announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed 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. This represents a $9.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HD. Guggenheim reissued a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley reissued an "overweight" rating and set a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents 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.

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.