Abacus Planning Group Inc. Has $563,000 Stake in The Home Depot, Inc. (NYSE:HD)

Abacus Planning Group Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HDFree Report) by 4.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,625 shares of the home improvement retailer’s stock after acquiring an additional 69 shares during the quarter. Abacus Planning Group Inc.’s holdings in Home Depot were worth $563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. BCK Partners Inc. acquired a new position in Home Depot in the first quarter valued at about $2,933,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter valued at about $27,000. Ergoteles LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $1,554,000. Equitable Holdings Inc. boosted its stake in Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after acquiring an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Home Depot by 3.2% during the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. Evercore ISI increased their target price on shares of Home Depot from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. TD Cowen lifted their target price on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Wedbush reissued an “outperform” rating and issued a $380.00 target price on shares of Home Depot in a research note on Wednesday, February 21st. Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price target on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Telsey Advisory Group boosted their price objective on Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.76.

Get Our Latest Stock Analysis on Home Depot

Home Depot Stock Down 0.6 %

HD stock opened at $383.60 on Friday. The company has a market cap of $380.16 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.53 and a beta of 0.99. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The business has a 50 day moving average price of $369.40 and a two-hundred day moving average price of $335.27. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.35%. Home Depot’s payout ratio is currently 59.60%.

Home Depot Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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