Atlanta Consulting Group Advisors LLC Buys 754 Shares of The Home Depot, Inc. (NYSE:HD)

Atlanta Consulting Group Advisors LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 28.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,376 shares of the home improvement retailer’s stock after purchasing an additional 754 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Home Depot were worth $1,368,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HD. Fairway Wealth LLC bought a new position in shares of Home Depot in the 2nd quarter worth approximately $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the second quarter valued at approximately $33,000. Denver PWM LLC bought a new position in Home Depot in the second quarter worth approximately $40,000. Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction 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 trade represents a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HD shares. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Melius Research assumed coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Up 0.6 %

HD opened at $408.18 on Friday. The stock has a 50-day moving average of $399.51 and a 200 day moving average of $366.56. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The firm has a market cap of $405.44 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping 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 analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the business earned $3.81 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Home Depot Company 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.