JT Stratford LLC Purchases 235 Shares of The Home Depot, Inc. (NYSE:HD)

JT Stratford LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,606 shares of the home improvement retailer’s stock after acquiring an additional 235 shares during the quarter. JT Stratford LLC’s holdings in Home Depot were worth $2,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Group Ltd. boosted its position in 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 last quarter. Tallon Kerry Patrick bought a new stake in shares of Home Depot in the fourth quarter valued at $281,000. Capital & Planning LLC raised its stake in shares of Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock valued at $418,000 after buying an additional 563 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Home Depot in the fourth quarter valued at $634,000. Finally, Ironwood Wealth Management LLC. raised its stake in shares of Home Depot by 0.7% in the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock valued at $1,765,000 after buying an additional 32 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. TD Securities restated a “buy” rating and issued a $470.00 target price on shares of Home Depot in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Guggenheim reiterated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $427.92.

Home Depot Price Performance

Shares of HD stock opened at $370.71 on Thursday. The firm has a market cap of $368.50 billion, a P/E ratio of 25.18, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business’s 50 day moving average price is $359.38 and its 200-day moving average price is $387.66. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 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 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.63 earnings per share. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Home Depot 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.