8,054 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by DSG Capital Advisors LLC

DSG Capital Advisors LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,054 shares of the home improvement retailer's stock, valued at approximately $3,133,000.

Other hedge funds have also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot in the 4th quarter worth $28,000. Navigoe LLC bought a new position in Home Depot in the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the 4th quarter worth $32,000. Finally, Quarry LP boosted its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were 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 in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

Shares of HD traded down $0.44 during trading hours on Friday, reaching $367.85. 4,110,311 shares of the company traded hands, compared to its average volume of 3,433,492. The stock 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 quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.93 and a 12-month high of $439.37. The business has a fifty day moving average price of $360.92 and a 200-day moving average price of $386.04.

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

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on HD shares. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an "outperform" rating in a report on Thursday, May 22nd. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

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.