Koshinski Asset Management Inc. lowered its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,278 shares of the home improvement retailer’s stock after selling 48 shares during the period. Koshinski Asset Management Inc.’s holdings in Home Depot were worth $4,265,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Quantinno Capital Management LP raised its holdings in shares of Home Depot by 1.6% in the third quarter. Quantinno Capital Management LP now owns 1,730 shares of the home improvement retailer’s stock valued at $568,000 after buying an additional 27 shares during the last quarter. Northwest Investment Counselors LLC grew its position in shares of Home Depot by 0.3% in the 3rd quarter. Northwest Investment Counselors LLC now owns 9,271 shares of the home improvement retailer’s stock valued at $3,043,000 after purchasing an additional 28 shares during the period. Charter Oak Capital Management LLC lifted its stake in Home Depot by 1.2% in the 3rd quarter. Charter Oak Capital Management LLC now owns 2,465 shares of the home improvement retailer’s stock valued at $809,000 after acquiring an additional 29 shares in the last quarter. Jackson Hole Capital Partners LLC lifted its stake in Home Depot by 2.4% in the 3rd quarter. Jackson Hole Capital Partners LLC now owns 1,260 shares of the home improvement retailer’s stock valued at $414,000 after acquiring an additional 29 shares in the last quarter. Finally, Somerset Trust Co lifted its stake in Home Depot by 0.3% in the 3rd quarter. Somerset Trust Co now owns 10,108 shares of the home improvement retailer’s stock valued at $3,318,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 69.52% of the company’s stock.
A number of equities research analysts have recently issued reports on HD shares. Citigroup dropped their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Credit Suisse Group upped their price objective on Home Depot from $357.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. Raymond James dropped their price objective on Home Depot from $420.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. Robert W. Baird dropped their price target on Home Depot from $425.00 to $380.00 in a research note on Tuesday, February 22nd. Finally, Loop Capital dropped their price target on Home Depot from $380.00 to $320.00 in a research note on Wednesday, February 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $394.48.
HD opened at $323.21 on Monday. The firm has a market cap of $337.51 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. The Home Depot, Inc. has a 52-week low of $252.52 and a 52-week high of $420.61. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.24 and a current ratio of 1.01. The business’s fifty day moving average is $363.65 and its 200-day moving average is $363.11.
Home Depot (NYSE:HD – Get Rating) last released its earnings results on Monday, February 21st. The home improvement retailer reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.03. The company had revenue of $35.72 billion for the quarter, compared to analyst estimates of $34.85 billion. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. Home Depot’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 EPS. On average, research analysts predict that The Home Depot, Inc. will post 16.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th will be issued a dividend of $1.90 per share. This is a positive change from Home Depot’s previous quarterly dividend of $1.65. This represents a $7.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Wednesday, March 9th. Home Depot’s dividend payout ratio is 42.53%.
Home Depot Company Profile (Get Rating)
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.
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