799 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Southern Style Financial Inc.

Southern Style Financial Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 799 shares of the home improvement retailer’s stock, valued at approximately $311,000. Home Depot makes up about 0.3% of Southern Style Financial Inc.’s holdings, making the stock its 23rd biggest position.

A number of other large investors have also recently bought and sold shares of the stock. Mayflower Financial Advisors LLC grew its stake in Home Depot by 2.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 5,169 shares of the home improvement retailer’s stock worth $2,011,000 after buying an additional 116 shares during the last quarter. Orca Wealth Management LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $1,035,000. BSW Wealth Partners grew its position in Home Depot by 5.4% during the 4th quarter. BSW Wealth Partners now owns 4,605 shares of the home improvement retailer’s stock worth $1,792,000 after acquiring an additional 234 shares during the last quarter. Aspire Capital Advisors LLC increased its holdings in Home Depot by 4.5% during the 4th quarter. Aspire Capital Advisors LLC now owns 725 shares of the home improvement retailer’s stock valued at $282,000 after purchasing an additional 31 shares in the last quarter. Finally, Wealth Effects LLC raised its position in Home Depot by 3.2% in the 4th quarter. Wealth Effects LLC now owns 2,531 shares of the home improvement retailer’s stock valued at $984,000 after purchasing an additional 78 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Wells Fargo & Company raised their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

NYSE HD opened at $414.56 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The business has a 50 day simple moving average of $407.93 and a 200 day simple moving average of $391.93. The stock has a market cap of $411.81 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $3.81 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by corporate insiders.

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.