The Home Depot, Inc. (NYSE:HD) Shares Bought by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,757 shares of the home improvement retailer’s stock after buying an additional 26 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Home Depot were worth $683,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. AM Investment Strategies LLC boosted its holdings in Home Depot by 74.3% in the fourth quarter. AM Investment Strategies LLC now owns 5,708 shares of the home improvement retailer’s stock valued at $2,220,000 after purchasing an additional 2,433 shares during the last quarter. Eclectic Associates Inc. ADV raised its position in shares of Home Depot by 0.4% in the 4th quarter. Eclectic Associates Inc. ADV now owns 12,456 shares of the home improvement retailer’s stock valued at $4,845,000 after purchasing an additional 53 shares in the last quarter. Benin Management CORP boosted its stake in shares of Home Depot by 6.8% during the 4th quarter. Benin Management CORP now owns 1,571 shares of the home improvement retailer’s stock valued at $611,000 after buying an additional 100 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $4,344,000. Finally, Encompass More Asset Management increased its stake in shares of Home Depot by 26.6% in the fourth quarter. Encompass More Asset Management now owns 1,442 shares of the home improvement retailer’s stock worth $561,000 after buying an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated 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 approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD opened at $414.53 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $411.77 billion, a PE ratio of 28.16, a P/E/G ratio of 4.32 and a beta of 1.05. The business has a fifty day simple moving average of $407.14 and a 200-day simple moving average of $390.53. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the company posted $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

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 of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

About Home Depot

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.