The Home Depot, Inc. (NYSE:HD) Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY reduced its stake in The Home Depot, Inc. (NYSE:HD) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 4,038 shares of the home improvement retailer’s stock after selling 147 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Home Depot were worth $1,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maple Capital Management Inc. grew its holdings in Home Depot by 1.7% during the fourth quarter. Maple Capital Management Inc. now owns 80,495 shares of the home improvement retailer’s stock worth $31,312,000 after acquiring an additional 1,340 shares during the period. Sage Investment Counsel LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $722,000. SVB Wealth LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $36,152,000. Roanoke Asset Management Corp NY raised its holdings in shares of Home Depot by 5.8% in the 4th quarter. Roanoke Asset Management Corp NY now owns 26,090 shares of the home improvement retailer’s stock worth $10,149,000 after purchasing an additional 1,434 shares in the last quarter. Finally, Waterway Wealth Management LLC lifted its stake in Home Depot by 12.5% during the fourth quarter. Waterway Wealth Management LLC now owns 765 shares of the home improvement retailer’s stock valued at $298,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HD. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Robert W. Baird dropped their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their target price for the company from $356.00 to $410.00 in a research note on Wednesday. Wells Fargo & Company raised their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Trading Up 1.6 %

Shares of NYSE:HD opened at $396.69 on Friday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a fifty day moving average price of $401.36 and a 200 day moving average price of $398.72. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $394.06 billion, a PE ratio of 26.95, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period in the previous year, the company earned $2.82 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is currently 61.66%.

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.