TCI Wealth Advisors Inc. Purchases 94 Shares of The Home Depot, Inc. (NYSE:HD)

TCI Wealth Advisors Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,670 shares of the home improvement retailer’s stock after purchasing an additional 94 shares during the period. TCI Wealth Advisors Inc.’s holdings in Home Depot were worth $2,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Bare Financial Services Inc purchased a new stake in Home Depot in the fourth quarter worth $26,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot in the 4th quarter worth about $31,000. PFG Private Wealth Management LLC raised its position in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC purchased a new position in shares of Home Depot in the 4th quarter worth about $35,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Home Depot in the 3rd quarter worth about $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock traded up $7.32 during midday trading on Friday, hitting $342.85. The company’s stock had a trading volume of 4,165,054 shares, compared to its average volume of 3,606,830. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm has a market capitalization of $339.77 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. The company has a 50 day moving average of $361.75 and a two-hundred day moving average of $342.77.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the prior year, the company posted $3.30 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio is currently 59.60%.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value 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 legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on 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 completion of 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. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HD shares. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Wedbush lifted their price objective on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Royal Bank of Canada lifted their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Finally, Bank of America lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $375.96.

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.