Pacific Point Advisors LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Pacific Point Advisors LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 989 shares of the home improvement retailer's stock, valued at approximately $407,000.

A number of other large investors also recently modified their holdings of HD. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter worth $28,000. Navigoe LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $32,000. Finally, Quarry LP lifted its position in Home Depot by 220.0% during 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 in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. Wells Fargo & Company lowered their price target on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 price target (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Finally, TD Securities reaffirmed a "buy" rating and set a $470.00 price target on shares of Home Depot in a report on Wednesday, May 21st. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 sale, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Shares of Home Depot stock traded up $7.25 during trading hours on Tuesday, hitting $369.96. The company's stock had a trading volume of 3,990,828 shares, compared to its average volume of 3,572,708. The business has a 50 day moving average price of $360.09 and a two-hundred day moving average price of $386.81. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market cap of $367.75 billion, a PE ratio of 25.13, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 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 firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the prior year, the firm posted $3.63 earnings per share. Home Depot's quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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 paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot's dividend payout ratio (DPR) is currently 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.