Goepper Burkhardt LLC Sells 393 Shares of The Home Depot, Inc. (NYSE:HD)

Goepper Burkhardt LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,152 shares of the home improvement retailer’s stock after selling 393 shares during the period. Home Depot comprises 0.5% of Goepper Burkhardt LLC’s holdings, making the stock its 29th largest holding. Goepper Burkhardt LLC’s holdings in Home Depot were worth $1,226,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Home Depot by 11.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 176,023 shares of the home improvement retailer’s stock worth $68,471,000 after buying an additional 17,615 shares in the last quarter. Bcwm LLC bought a new position in shares of Home Depot during the fourth quarter valued at $10,286,000. Joseph Group Capital Management grew its stake in shares of Home Depot by 10.1% in the fourth quarter. Joseph Group Capital Management now owns 12,026 shares of the home improvement retailer’s stock worth $4,678,000 after purchasing an additional 1,103 shares during the last quarter. California Public Employees Retirement System increased its holdings in Home Depot by 1.5% in the fourth quarter. California Public Employees Retirement System now owns 2,494,928 shares of the home improvement retailer’s stock valued at $970,502,000 after purchasing an additional 36,876 shares during the period. Finally, Summit Securities Group LLC bought a new position in Home Depot during the 4th quarter worth $934,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HD shares. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Wells Fargo & Company upped their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Royal Bank of Canada lowered 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. Robert W. Baird lowered their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $435.85.

Home Depot Trading Down 1.3 %

NYSE:HD opened at $357.86 on Monday. 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 firm’s 50 day moving average is $389.98 and its 200 day moving average is $398.99. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market capitalization of $355.72 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the previous year, the company posted $2.82 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share 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 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 2.57%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s payout ratio is 61.66%.

About Home Depot

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.