Kercheville Advisors LLC Buys 40 Shares of The Home Depot, Inc. (NYSE:HD)

Kercheville Advisors LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,350 shares of the home improvement retailer’s stock after acquiring an additional 40 shares during the period. Kercheville Advisors LLC’s holdings in Home Depot were worth $1,303,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $26,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the 3rd quarter valued at approximately $41,000. Sugar Maple Asset Management LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $41,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the third quarter worth $46,000. Finally, Finley Financial LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the business’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 transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada upped their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Finally, Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Trading Down 1.6 %

NYSE HD opened at $407.39 on Friday. The stock has a 50-day moving average of $406.58 and a 200-day moving average of $393.70. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market cap of $404.68 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05.

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 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 firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

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.