Curran Financial Partners LLC Purchases Shares of 621 The Home Depot, Inc. (NYSE:HD)

Curran Financial Partners LLC bought a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, HoldingsChannel.com reports. The fund bought 621 shares of the home improvement retailer’s stock, valued at approximately $216,000.

A number of other hedge funds have also modified their holdings of HD. Fairfield Bush & CO. acquired a new position in shares of Home Depot in the 1st quarter worth approximately $27,000. KB Financial Partners LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $28,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $31,000. PFG Private Wealth Management LLC increased its holdings in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Studio Investment Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $32,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. HSBC reaffirmed a “reduce” rating and set a $323.00 price target on shares of Home Depot in a report on Wednesday, April 3rd. Telsey Advisory Group raised their price target on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a report on Monday, April 1st. Stifel Nicolaus raised their price target on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Stock Performance

Shares of Home Depot stock opened at $332.89 on Friday. The firm has a market cap of $329.90 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The stock’s 50-day moving average is $367.92 and its 200-day moving average is $338.97. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the company posted $3.30 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.