Staley Capital Advisers Inc. Sells 233 Shares of The Home Depot, Inc. (NYSE:HD)

Staley Capital Advisers Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,832 shares of the home improvement retailer’s stock after selling 233 shares during the period. Staley Capital Advisers Inc.’s holdings in Home Depot were worth $1,491,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HD. Raymond James Financial Inc. bought a new position in shares of Home Depot in the 4th quarter valued at $2,212,546,000. Proficio Capital Partners LLC increased its holdings in Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Home Depot in the third quarter valued at $336,231,000. FMR LLC increased its holdings in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after purchasing an additional 795,438 shares during the period. Finally, Amundi increased its holdings in Home Depot by 8.6% in the fourth quarter. Amundi now owns 7,554,880 shares of the home improvement retailer’s stock valued at $2,925,498,000 after purchasing an additional 599,490 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. KGI Securities upgraded Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Robert W. Baird decreased their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, Bank of America increased their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Stock Performance

Shares of HD opened at $374.13 on Tuesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a 50-day moving average of $399.91 and a 200-day moving average of $400.08. The company has a market cap of $371.65 billion, a PE ratio of 25.42, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter last year, the firm earned $2.82 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.46%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

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.