Snowden Capital Advisors LLC Sells 210 Shares of The Home Depot, Inc. (NYSE:HD)

Snowden Capital Advisors LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,326 shares of the home improvement retailer’s stock after selling 210 shares during the period. Snowden Capital Advisors LLC’s holdings in Home Depot were worth $15,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Group Ltd. boosted its position in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after purchasing an additional 27 shares during the period. RMR Wealth Builders increased its stake in Home Depot by 2.2% in the 4th quarter. RMR Wealth Builders now owns 11,429 shares of the home improvement retailer’s stock worth $4,446,000 after buying an additional 246 shares in the last quarter. Affinity Capital Advisors LLC raised its holdings in Home Depot by 2.4% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,825 shares of the home improvement retailer’s stock valued at $1,086,000 after acquiring an additional 67 shares during the period. Wynn Capital LLC lifted its position in shares of Home Depot by 11.5% in the fourth quarter. Wynn Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $329,000 after acquiring an additional 87 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its stake in shares of Home Depot by 5.0% in the fourth quarter. Accurate Wealth Management LLC now owns 9,122 shares of the home improvement retailer’s stock worth $3,556,000 after acquiring an additional 434 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HD shares. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Royal Bank of Canada cut their target price on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company decreased their price target on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Gordon Haskett downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Robert W. Baird reduced their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $430.32.

Home Depot Trading Up 1.7%

HD stock opened at $379.13 on Friday. The company has a market capitalization of $376.87 billion, a PE ratio of 25.76, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm’s 50-day moving average is $357.87 and its 200 day moving average is $388.12.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 earnings per share. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.43%. Home Depot’s dividend payout ratio is presently 61.66%.

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.