Raab & Moskowitz Asset Management LLC Acquires 1,049 Shares of The Home Depot, Inc. (NYSE:HD)

Raab & Moskowitz Asset Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,691 shares of the home improvement retailer’s stock after acquiring an additional 1,049 shares during the quarter. Home Depot makes up about 1.0% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 24th largest position. Raab & Moskowitz Asset Management LLC’s holdings in Home Depot were worth $4,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the third quarter worth $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the fourth quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.4 %

NYSE:HD opened at $412.64 on Friday. The company has a 50-day moving average price of $405.21 and a 200-day moving average price of $395.46. The stock has a market cap of $409.90 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 4.22 and a beta of 1.05. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company 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%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.81 earnings per share. Equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HD. Sanford C. Bernstein began 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. Wells Fargo & Company boosted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Barclays boosted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley raised their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $431.00.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were 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 of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were 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 directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.