TFR Capital LLC. Acquires New Stake in The Home Depot, Inc. (NYSE:HD)

TFR Capital LLC. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,168 shares of the home improvement retailer's stock, valued at approximately $843,000.

A number of other large investors have also made changes to their positions in the stock. BridgePort Financial Solutions LLC purchased a new position in Home Depot during the fourth quarter worth about $767,000. Park Square Financial Group LLC purchased a new position in Home Depot during the fourth quarter worth about $1,401,000. Total Wealth Planning & Management Inc. purchased a new position in Home Depot during the fourth quarter worth about $1,664,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Home Depot in the 4th quarter worth about $275,420,000. Finally, Brooklyn FI LLC purchased a new position in shares of Home Depot in the 4th quarter worth about $2,312,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, May 20th. DA Davidson reduced their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. TD Securities reissued a "buy" rating and issued a $470.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Mizuho cut their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Seven 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's stock. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Down 0.1%

Shares of HD traded down $0.44 during midday trading on Friday, hitting $367.85. The stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,433,492. The firm has a market cap of $365.65 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 Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37. The company has a 50 day simple moving average of $360.92 and a two-hundred day simple moving average of $386.04. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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 (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 during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the firm posted $3.63 EPS. Home Depot's revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate 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. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

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.