Warm Springs Advisors Inc. Invests $1.59 Million in The Home Depot, Inc. (NYSE:HD)

Warm Springs Advisors Inc. acquired a new stake in shares of 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 acquired 4,088 shares of the home improvement retailer's stock, valued at approximately $1,590,000. Home Depot accounts for about 1.5% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the 4th quarter valued at $28,000. Navigoe LLC purchased a new position in Home Depot during the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth about $32,000. Finally, Quarry LP grew its position in shares of 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 hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, 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 value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% 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. 0.10% of the stock is owned by insiders.

Home Depot Trading Up 2.0%

Shares of NYSE:HD traded up $7.25 on Tuesday, hitting $369.96. 3,992,800 shares of the company's stock were exchanged, compared to its average volume of 3,433,908. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market capitalization of $367.75 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business's 50 day simple moving average is $360.09 and its two-hundred day simple moving average is $386.81. 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 for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.63 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS 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 issued a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.49%. Home Depot's payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. DA Davidson reduced their target price on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Jefferies Financial Group reduced their target price on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

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.