CFC Planning Co LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

CFC Planning Co LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 811 shares of the home improvement retailer’s stock, valued at approximately $315,000.

Several other hedge funds have also bought and sold shares of HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth about $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Stock Performance

Shares of HD opened at $409.47 on Friday. The company has a market capitalization of $406.76 billion, a PE ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a 50-day simple moving average of $404.93 and a 200-day simple moving average of $395.58. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period last year, the company earned $3.81 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

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.