Wealth Advisors Northwest LLC Invests $224,000 in The Home Depot, Inc. (NYSE:HD)

Wealth Advisors Northwest LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 575 shares of the home improvement retailer’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signet Investment Advisory Group Inc. lifted its stake in Home Depot by 1.1% in the 4th quarter. Signet Investment Advisory Group Inc. now owns 8,369 shares of the home improvement retailer’s stock valued at $3,255,000 after buying an additional 92 shares in the last quarter. David Wealth Management LLC purchased a new position in Home Depot in the 4th quarter valued at about $261,000. Portfolio Design Labs LLC lifted its stake in Home Depot by 17.2% in the 4th quarter. Portfolio Design Labs LLC now owns 6,461 shares of the home improvement retailer’s stock valued at $2,513,000 after buying an additional 949 shares in the last quarter. Augustine Asset Management Inc. lifted its stake in Home Depot by 3.8% in the 4th quarter. Augustine Asset Management Inc. now owns 984 shares of the home improvement retailer’s stock valued at $383,000 after buying an additional 36 shares in the last quarter. Finally, Quent Capital LLC lifted its stake in Home Depot by 6.5% in the 4th quarter. Quent Capital LLC now owns 8,810 shares of the home improvement retailer’s stock valued at $3,427,000 after buying an additional 540 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $407.20 on Thursday. The company has a fifty day simple moving average of $405.62 and a two-hundred day simple moving average of $395.38. The company has a market cap of $404.50 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued 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. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.81 earnings per share. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s 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 of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Evercore ISI boosted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Finally, DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $428.85.

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.