GDS Wealth Management Purchases 2,879 Shares of The Home Depot, Inc. (NYSE:HD)

GDS Wealth Management boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,583 shares of the home improvement retailer's stock after buying an additional 2,879 shares during the period. GDS Wealth Management's holdings in Home Depot were worth $9,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HD. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Home Depot by 2.6% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 3,481 shares of the home improvement retailer's stock worth $1,052,000 after acquiring an additional 89 shares in the last quarter. Wealth Management Partners LLC lifted its holdings in Home Depot by 4.3% during the 3rd quarter. Wealth Management Partners LLC now owns 6,722 shares of the home improvement retailer's stock valued at $2,031,000 after purchasing an additional 279 shares during the last quarter. Segment Wealth Management LLC boosted its position in Home Depot by 5.3% in the third quarter. Segment Wealth Management LLC now owns 43,338 shares of the home improvement retailer's stock valued at $13,095,000 after buying an additional 2,180 shares in the last quarter. Eclectic Associates Inc. ADV grew its stake in Home Depot by 16.1% during the third quarter. Eclectic Associates Inc. ADV now owns 13,140 shares of the home improvement retailer's stock worth $3,970,000 after buying an additional 1,818 shares during the last quarter. Finally, Horizon Wealth Management LLC increased its holdings in shares of Home Depot by 14.6% during the third quarter. Horizon Wealth Management LLC now owns 770 shares of the home improvement retailer's stock worth $233,000 after buying an additional 98 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on HD. Zelman & Associates upgraded Home Depot from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 2nd. Stifel Nicolaus upped their price target on shares of Home Depot from $355.00 to $366.00 and gave the stock a "hold" rating in a research report on Friday, February 16th. The Goldman Sachs Group raised their price objective on shares of Home Depot from $347.00 to $393.00 and gave the company a "buy" rating in a research report on Tuesday, February 13th. Guggenheim reiterated a "buy" rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Finally, Wedbush raised their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an "outperform" rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $375.19.

Home Depot Price Performance

HD traded up $8.61 during trading on Thursday, hitting $347.44. 3,430,692 shares of the stock traded hands, compared to its average volume of 3,347,865. The business has a 50 day moving average price of $359.69 and a 200 day moving average price of $343.51. The company has a market cap of $344.32 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.30 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot's previous quarterly dividend of $2.09. Home Depot's payout ratio is presently 59.60%.

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.

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