Franklin Street Advisors Inc. NC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Franklin Street Advisors Inc. NC increased its position in The Home Depot, Inc. (NYSE:HD) by 0.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,122 shares of the home improvement retailer’s stock after buying an additional 95 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Home Depot were worth $9,383,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC acquired a new stake in Home Depot during the 2nd quarter valued at approximately $461,000. Linscomb Wealth Inc. increased its stake in shares of Home Depot by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 6,584 shares of the home improvement retailer’s stock worth $2,267,000 after buying an additional 90 shares during the last quarter. American Century Companies Inc. raised its holdings in Home Depot by 9.8% in the second quarter. American Century Companies Inc. now owns 928,603 shares of the home improvement retailer’s stock valued at $319,662,000 after acquiring an additional 82,740 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in Home Depot by 18.0% in the second quarter. Y.D. More Investments Ltd now owns 975 shares of the home improvement retailer’s stock valued at $335,000 after acquiring an additional 149 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its stake in Home Depot by 2.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 125,101 shares of the home improvement retailer’s stock valued at $43,065,000 after acquiring an additional 3,429 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. DA Davidson increased their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Finally, Bank of America increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Price Performance

Shares of HD traded up $3.48 during mid-day trading on Friday, hitting $390.68. 2,568,763 shares of the company traded hands, compared to its average volume of 2,580,494. 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 business has a 50-day moving average of $406.19 and a 200 day moving average of $385.06. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $388.09 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $3.81 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.30%. Home Depot’s payout ratio is presently 61.14%.

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.