2,771 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Topsail Wealth Management LLC

Topsail Wealth Management LLC acquired a new position 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 SEC. The firm acquired 2,771 shares of the home improvement retailer's stock, valued at approximately $1,078,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Synergy Asset Management LLC acquired a new stake in Home Depot in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot in the 4th quarter valued at $32,000. Marshall Investment Management LLC acquired a new stake in Home Depot in the 4th quarter valued at $41,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Home Depot in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Up 0.2 %

Shares of NYSE:HD traded up $0.67 during mid-day trading on Tuesday, reaching $357.59. 904,953 shares of the company were exchanged, compared to its average volume of 3,626,267. 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 1 year low of $323.77 and a 1 year high of $439.37. The firm has a market cap of $355.46 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 4.03 and a beta of 1.09. The firm's 50-day simple moving average is $363.21 and its 200 day simple moving average is $391.72.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter last year, the company posted $2.82 EPS. The firm's revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.57%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $434.08.

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.