Parkside Financial Bank & Trust Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Parkside Financial Bank & Trust trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,546 shares of the home improvement retailer’s stock after selling 55 shares during the period. Parkside Financial Bank & Trust’s holdings in Home Depot were worth $3,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Bouchey Financial Group Ltd increased its holdings in Home Depot by 27.5% in the 4th quarter. Bouchey Financial Group Ltd now owns 1,978 shares of the home improvement retailer’s stock worth $770,000 after acquiring an additional 427 shares in the last quarter. Sentinel Trust Co. LBA increased its holdings in Home Depot by 18.6% in the 4th quarter. Sentinel Trust Co. LBA now owns 3,203 shares of the home improvement retailer’s stock worth $1,246,000 after acquiring an additional 503 shares in the last quarter. Verus Capital Partners LLC increased its holdings in Home Depot by 6.4% in the 4th quarter. Verus Capital Partners LLC now owns 6,514 shares of the home improvement retailer’s stock worth $2,534,000 after acquiring an additional 393 shares in the last quarter. Fusion Capital LLC increased its holdings in Home Depot by 2.6% in the 4th quarter. Fusion Capital LLC now owns 20,007 shares of the home improvement retailer’s stock worth $7,783,000 after acquiring an additional 511 shares in the last quarter. Finally, Fort Sheridan Advisors LLC increased its holdings in Home Depot by 2.9% in the 4th quarter. Fort Sheridan Advisors LLC now owns 7,173 shares of the home improvement retailer’s stock worth $2,790,000 after acquiring an additional 204 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.0 %

NYSE HD opened at $390.44 on Friday. The firm’s 50-day moving average is $401.27 and its two-hundred day moving average is $398.37. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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 market capitalization of $387.85 billion, a P/E ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. Home Depot’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.36%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HD. Wells Fargo & Company boosted their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday. Royal Bank of Canada cut their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday. Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Profile

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.