RDA Financial Network Sells 202 Shares of The Home Depot, Inc. (NYSE:HD)

RDA Financial Network cut its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 14.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,184 shares of the home improvement retailer’s stock after selling 202 shares during the period. RDA Financial Network’s holdings in Home Depot were worth $374,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. First Personal Financial Services raised its stake in shares of Home Depot by 81.1% during the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 43 shares during the last quarter. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the first quarter valued at about $27,000. Grayhawk Investment Strategies Inc. purchased a new stake in Home Depot in the second quarter worth about $28,000. Align Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter worth about $30,000. Finally, Bellwether Advisors LLC grew its holdings in Home Depot by 74.0% in the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 54 shares during the period. 68.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HD. Robert W. Baird cut their price objective on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. Roth Mkm dropped their target price on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 22nd. Credit Suisse Group dropped their target price on shares of Home Depot from $335.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 22nd. Evercore ISI dropped their target price on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Finally, StockNews.com began coverage on shares of Home Depot in a research report on Thursday. They set a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.45.

Home Depot Stock Performance

Shares of NYSE HD opened at $288.39 on Friday. The firm has a fifty day moving average price of $310.70 and a 200-day moving average price of $303.66. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33. The stock has a market cap of $295.23 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. The firm had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.21 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be paid a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a yield of 2.90%. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s dividend payout ratio (DPR) is presently 50.12%.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.