Tucker Asset Management LLC Has $659,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Tucker Asset Management LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,903 shares of the home improvement retailer’s stock after acquiring an additional 162 shares during the period. Tucker Asset Management LLC’s holdings in Home Depot were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Bey Douglas LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $913,000. Hartline Investment Corp increased its position in Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after buying an additional 460 shares during the last quarter. Wolf Group Capital Advisors increased its position in Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares during the last quarter. Alliance Wealth Management Group acquired a new position in Home Depot during the fourth quarter worth approximately $253,000. Finally, Zullo Investment Group Inc. increased its position in Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD traded down $1.04 during mid-day trading on Friday, reaching $346.84. 2,588,960 shares of the company were exchanged, compared to its average volume of 3,346,942. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market capitalization of $343.93 billion, a PE ratio of 23.26, a PEG ratio of 2.39 and a beta of 1.00. The company’s 50 day moving average price is $337.58 and its 200 day moving average price is $351.28.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.82 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HD. DA Davidson restated a “neutral” rating and set a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. TD Cowen cut their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Guggenheim restated a “buy” rating and set a $390.00 target price on shares of Home Depot in a research note on Friday, April 5th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Finally, Citigroup decreased their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

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.