Yarger Wealth Strategies LLC Has $379,000 Position in The Home Depot, Inc. (NYSE:HD)

Yarger Wealth Strategies LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 59.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 973 shares of the home improvement retailer’s stock after purchasing an additional 362 shares during the period. Yarger Wealth Strategies LLC’s holdings in Home Depot were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. RDA Financial Network increased its holdings in Home Depot by 11.0% during the 4th quarter. RDA Financial Network now owns 4,799 shares of the home improvement retailer’s stock valued at $1,867,000 after purchasing an additional 477 shares in the last quarter. Woodstock Corp grew its holdings in shares of Home Depot by 0.7% during the fourth quarter. Woodstock Corp now owns 59,883 shares of the home improvement retailer’s stock worth $23,294,000 after purchasing an additional 393 shares during the last quarter. Goldstone Financial Group LLC increased its stake in shares of Home Depot by 27.4% in the fourth quarter. Goldstone Financial Group LLC now owns 1,780 shares of the home improvement retailer’s stock valued at $692,000 after buying an additional 383 shares in the last quarter. Capital Planning LLC raised its holdings in shares of Home Depot by 110.2% in the fourth quarter. Capital Planning LLC now owns 1,074 shares of the home improvement retailer’s stock valued at $418,000 after buying an additional 563 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Home Depot during the 4th quarter worth about $179,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD stock opened at $409.42 on Friday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business’s 50-day moving average price is $406.44 and its two-hundred day moving average price is $386.94. The firm has a market cap of $406.70 billion, a PE ratio of 27.81, a P/E/G ratio of 4.11 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business 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. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HD. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Barclays boosted their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot 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.