Sicart Associates LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 700 shares of the home improvement retailer’s stock, valued at approximately $287,000.
A number of other hedge funds also recently modified their holdings of HD. Core Alternative Capital purchased a new stake in shares of Home Depot in the third quarter worth approximately $29,000. Macroview Investment Management LLC raised its holdings in shares of Home Depot by 83.3% in the fourth quarter. Macroview Investment Management LLC now owns 110 shares of the home improvement retailer’s stock worth $46,000 after buying an additional 50 shares during the period. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $47,000. Strategic Asset Management LLC purchased a new stake in shares of Home Depot in the third quarter worth approximately $41,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $75,000. Institutional investors and hedge funds own 69.52% of the company’s stock.
Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Home Depot from $406.00 to $365.00 in a report on Wednesday, February 23rd. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 25th. The Goldman Sachs Group dropped their price objective on Home Depot from $413.00 to $402.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Gordon Haskett dropped their price objective on Home Depot from $385.00 to $355.00 and set a “buy” rating on the stock in a research note on Monday, March 28th. Finally, Guggenheim dropped their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $392.83.
Home Depot stock opened at $298.54 on Thursday. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.01 and a quick ratio of 0.24. The stock has a market capitalization of $308.50 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.95 and a beta of 1.04. The Home Depot, Inc. has a 1-year low of $294.99 and a 1-year high of $420.61. The business has a fifty day moving average price of $331.85 and a 200-day moving average price of $360.87.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.01. The firm had revenue of $35.72 billion during the quarter, compared to analysts’ expectations of $34.85 billion. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.74 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 16.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were given a $1.90 dividend. This is a boost from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.55%. Home Depot’s dividend payout ratio (DPR) is presently 48.97%.
In related news, EVP Hector A. Padilla sold 504 shares of the firm’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $309.80, for a total value of $156,139.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.
Home Depot Company Profile (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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