Terra Nova Asset Management LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,371 shares of the home improvement retailer’s stock after selling 65 shares during the period. Home Depot comprises about 2.0% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Terra Nova Asset Management LLC’s holdings in Home Depot were worth $2,644,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lincoln National Corp grew its holdings in Home Depot by 1.6% during the fourth quarter. Lincoln National Corp now owns 32,893 shares of the home improvement retailer’s stock valued at $13,651,000 after purchasing an additional 532 shares during the period. K.J. Harrison & Partners Inc bought a new stake in shares of Home Depot in the fourth quarter worth $220,000. FOCUS Wealth Advisors LLC increased its holdings in Home Depot by 2.2% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 6,598 shares of the home improvement retailer’s stock worth $2,738,000 after buying an additional 145 shares during the last quarter. Austin Asset Management Co Inc acquired a new position in shares of Home Depot in the fourth quarter valued at $588,000. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of Home Depot by 6.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 24,214 shares of the home improvement retailer’s stock valued at $10,049,000 after purchasing an additional 1,507 shares during the last quarter. Hedge funds and other institutional investors own 69.52% of the company’s stock.
A number of research firms have weighed in on HD. Citigroup decreased their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. Morgan Stanley decreased their price objective on Home Depot from $420.00 to $380.00 and set an “overweight” rating for the company in a report on Wednesday, February 23rd. The Goldman Sachs Group cut their price objective on Home Depot from $413.00 to $402.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. DA Davidson boosted their target price on Home Depot from $395.00 to $420.00 in a research report on Thursday, December 30th. Finally, JPMorgan Chase & Co. decreased their target price on Home Depot from $406.00 to $365.00 in a report on Wednesday, February 23rd. Five 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $394.48.
Shares of NYSE HD opened at $310.68 on Monday. The firm has a market cap of $324.42 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. The Home Depot, Inc. has a 1 year low of $296.03 and a 1 year high of $420.61. 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 company has a 50 day simple moving average of $340.07 and a 200 day simple moving average of $362.82.
Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.01. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. The business had revenue of $35.72 billion during the quarter, compared to analyst estimates of $34.85 billion. During the same quarter in the previous year, the firm earned $2.74 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 16.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were issued a $1.90 dividend. This is an increase 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 yield of 2.45%. Home Depot’s dividend payout ratio is currently 48.97%.
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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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