Black Swift Group LLC Sells 3,000 Shares of The Home Depot, Inc. (NYSE:HD)

Black Swift Group LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 28.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the home improvement retailer’s stock after selling 3,000 shares during the period. Home Depot makes up approximately 0.6% of Black Swift Group LLC’s holdings, making the stock its 29th biggest position. Black Swift Group LLC’s holdings in Home Depot were worth $2,917,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Townsend Asset Management Corp NC ADV lifted its position in Home Depot by 0.6% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 4,690 shares of the home improvement retailer’s stock worth $1,824,000 after purchasing an additional 30 shares during the period. Raymond James Financial Inc. bought a new position in shares of Home Depot during the 4th quarter worth about $2,212,546,000. Promus Capital LLC bought a new position in shares of Home Depot during the 4th quarter worth about $56,000. Vision Financial Markets LLC bought a new position in shares of Home Depot during the 4th quarter worth about $2,506,000. Finally, Arizona State Retirement System lifted its holdings in shares of Home Depot by 1.5% during the 4th quarter. Arizona State Retirement System now owns 288,685 shares of the home improvement retailer’s stock worth $112,296,000 after acquiring an additional 4,366 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on HD. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research note on Monday. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Nine research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Trading Up 1.3 %

NYSE HD opened at $386.82 on Thursday. The stock has a 50-day simple moving average of $400.81 and a 200 day simple moving average of $399.62. The company has a market capitalization of $384.25 billion, a PE ratio of 26.28, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping 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 analyst estimates of $39.15 billion. Home Depot’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.38%. 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. Home Depot’s payout ratio is presently 61.66%.

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.