Front Row Advisors LLC Takes Position in The Home Depot (HD)

Front Row Advisors LLC bought a new position in The Home Depot (NYSE:HD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,347 shares of the home improvement retailer’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Denali Advisors LLC bought a new stake in The Home Depot during the 4th quarter valued at approximately $133,000. Jacobi Capital Management LLC boosted its position in The Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Burt Wealth Advisors boosted its position in The Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in The Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares in the last quarter. Finally, Hanson & Doremus Investment Management boosted its position in The Home Depot by 82.8% during the 4th quarter. Hanson & Doremus Investment Management now owns 883 shares of the home improvement retailer’s stock valued at $167,000 after acquiring an additional 400 shares in the last quarter. 70.69% of the stock is currently owned by institutional investors.

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In related news, CEO Craig A. Menear sold 113,687 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the completion of the transaction, the chief executive officer now directly owns 237,957 shares in the company, valued at approximately $43,734,117.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Edward P. Decker sold 17,660 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the completion of the transaction, the executive vice president now owns 73,815 shares of the company’s stock, valued at $13,827,025.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,027 shares of company stock valued at $31,220,882. 0.26% of the stock is owned by company insiders.

Several research firms have weighed in on HD. Morgan Stanley set a $210.00 price objective on The Home Depot and gave the company a “buy” rating in a research report on Wednesday, March 21st. Loop Capital began coverage on The Home Depot in a research report on Thursday, March 1st. They set a “hold” rating and a $187.00 price objective on the stock. SunTrust Banks lifted their price objective on The Home Depot to $187.00 and gave the company a “hold” rating in a research report on Thursday, February 22nd. Credit Suisse Group set a $222.00 price objective on The Home Depot and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, BMO Capital Markets lifted their price objective on The Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The Home Depot currently has a consensus rating of “Buy” and a consensus target price of $194.04.

Shares of NYSE HD opened at $174.45 on Friday. The Home Depot has a twelve month low of $144.25 and a twelve month high of $207.60. The company has a market capitalization of $209,178.89, a P/E ratio of 23.38, a PEG ratio of 1.44 and a beta of 1.15. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The company had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. During the same period in the previous year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts expect that The Home Depot will post 9.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a $1.03 dividend. This is a positive change from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Wednesday, March 7th. The Home Depot’s payout ratio is presently 55.23%.

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About The Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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