Kestra Advisory Services LLC boosted its stake in  The Home Depot, Inc. (NYSE:HD) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,228 shares of the home improvement retailer's stock after purchasing an additional 9,259 shares during the period. Kestra Advisory Services LLC's holdings in Home Depot were worth $43,345,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Source Financial Advisors LLC grew its position in  Home Depot by 7.3% in the 4th quarter. Source Financial Advisors LLC now owns 1,324 shares of the home improvement retailer's stock worth $418,000 after purchasing an additional 90 shares during the period.  Capital Investment Counsel Inc grew its position in shares of  Home Depot by 15.8% during the 4th quarter. Capital Investment Counsel Inc now owns 6,020 shares of the home improvement retailer's stock valued at $1,901,000 after acquiring an additional 820 shares during the period.  Venturi Wealth Management LLC grew its position in shares of  Home Depot by 1.4% during the 4th quarter. Venturi Wealth Management LLC now owns 34,248 shares of the home improvement retailer's stock valued at $10,818,000 after acquiring an additional 457 shares during the period.  Del Sette Capital Management LLC bought a new stake in shares of  Home Depot during the 4th quarter valued at $201,000.  Finally, Sargent Investment Group LLC grew its position in shares of  Home Depot by 5.2% during the 4th quarter. Sargent Investment Group LLC now owns 8,070 shares of the home improvement retailer's stock valued at $2,549,000 after acquiring an additional 400 shares during the period. Institutional investors own  68.31% of the company's stock.

Home Depot Stock Up 0.0 %

Shares of NYSE HD opened at $292.19 on Friday. The firm's 50-day moving average price is $297.04 and its 200-day moving average price is $304.62. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The stock has a market capitalization of $295.89 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.68 and a beta of 0.93. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $347.25.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The company had revenue of $35.83 billion for the quarter, compared to analyst estimates of $36 billion. During the same period in the prior year, the company posted $3.21 EPS. The firm's revenue for the quarter was up .3% on a year-over-year basis.  On average, equities research analysts anticipate that  The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were given a $2.09 dividend. This is a positive change from Home Depot's previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend  was Wednesday, March 8th. Home Depot's dividend payout ratio  is 50.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Home Depot from $350.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, February 22nd. Oppenheimer cut their price objective on shares of Home Depot from $470.00 to $400.00 and set an "outperform" rating for the company in a research report on Friday, February 17th. Wedbush upped their target price on shares of Home Depot from $280.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, February 22nd. StockNews.com began coverage on shares of Home Depot in a report on Thursday, March 16th. They issued a "hold" rating for the company. Finally, Bank of America dropped their target price on shares of Home Depot from $360.00 to $346.00 in a report on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot  has an average rating of "Moderate Buy" and an average price target of $329.89.

Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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