Members Wealth LLC Buys Shares of 4,024 The Home Depot, Inc. (NYSE:HD)

Members Wealth LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,024 shares of the home improvement retailer's stock, valued at approximately $1,639,000. Home Depot accounts for about 1.2% of Members Wealth LLC's portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. K.J. Harrison & Partners Inc increased its position in Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in Home Depot by 19.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after purchasing an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. acquired a new position in Home Depot during the 4th quarter worth approximately $409,000. JPL Wealth Management LLC acquired a new position in Home Depot during the 4th quarter worth approximately $3,193,000. Finally, Umpqua Bank increased its position in Home Depot by 26.5% during the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer's stock worth $2,425,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.1%

Shares of HD stock traded down $0.44 on Friday, hitting $367.85. The stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,424,960. The business has a 50 day moving average of $360.92 and a 200 day moving average of $385.73. The stock has a market cap 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 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 12-month low of $323.93 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted 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 return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the business posted $3.63 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This trade 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 at the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 completion of the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at $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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Morgan Stanley restated an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Company 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.