3,280 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,280 shares of the home improvement retailer’s stock, valued at approximately $1,137,000.

Several other large investors have also recently modified their holdings of the business. Optas LLC lifted its stake in shares of Home Depot by 1.7% in the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 29 shares during the period. Harvest Investment Advisors LLC raised its holdings in Home Depot by 0.8% in the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after purchasing an additional 30 shares during the period. Armstrong Henry H Associates Inc. lifted its position in Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after purchasing an additional 30 shares in the last quarter. CGC Financial Services LLC raised its stake in shares of Home Depot by 4.3% in the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after buying an additional 30 shares during the period. Finally, Independent Investors Inc. lifted its position in shares of Home Depot by 0.5% during the 4th quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after buying an additional 30 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. Telsey Advisory Group raised their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Bank of America increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Mizuho initiated coverage on Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. Finally, Robert W. Baird reiterated an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Trading Down 0.3 %

Home Depot stock traded down $1.11 during midday trading on Thursday, reaching $331.90. The stock had a trading volume of 3,786,779 shares, compared to its average volume of 3,364,632. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm has a market cap of $328.92 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a fifty day moving average of $365.90 and a 200 day moving average of $340.46.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts anticipate 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. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the firm’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 transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were 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 directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.