756 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Paragon Advisors LLC

Paragon Advisors LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 756 shares of the home improvement retailer’s stock, valued at approximately $294,000.

A number of other hedge funds also recently modified their holdings of the company. Czech National Bank raised its position in Home Depot by 6.6% in the fourth quarter. Czech National Bank now owns 215,339 shares of the home improvement retailer’s stock worth $83,765,000 after purchasing an additional 13,337 shares in the last quarter. Graypoint LLC raised its holdings in shares of Home Depot by 3.7% in the 4th quarter. Graypoint LLC now owns 12,945 shares of the home improvement retailer’s stock worth $5,036,000 after buying an additional 457 shares in the last quarter. RMR Wealth Builders lifted its position in shares of Home Depot by 2.2% during the 4th quarter. RMR Wealth Builders now owns 11,429 shares of the home improvement retailer’s stock worth $4,446,000 after buying an additional 246 shares during the period. Lynch & Associates IN boosted its stake in Home Depot by 5.0% in the 4th quarter. Lynch & Associates IN now owns 6,193 shares of the home improvement retailer’s stock valued at $2,409,000 after buying an additional 297 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC grew its position in Home Depot by 21.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 21,079 shares of the home improvement retailer’s stock valued at $8,200,000 after acquiring an additional 3,742 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $390.12 on Monday. The firm has a fifty day moving average of $406.15 and a two-hundred day moving average of $385.97. 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 stock has a market capitalization of $387.53 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.90 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.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the company posted $3.81 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.31%. Home Depot’s dividend payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HD shares. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Evercore ISI lifted their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Sanford C. Bernstein began coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction 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 owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last 90 days. 0.10% of the stock is owned by 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.