DecisionMap Wealth Management LLC Buys New Holdings in The Home Depot, Inc. (NYSE:HD)

DecisionMap Wealth Management LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,514 shares of the home improvement retailer’s stock, valued at approximately $978,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Raymond James Financial Inc. bought a new stake in Home Depot in the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC increased its position in Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock valued at $793,486,000 after buying an additional 2,030,372 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Home Depot in the 3rd quarter valued at about $336,231,000. FMR LLC increased its position in Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Finally, Amundi increased its position in Home Depot by 8.6% in the 4th quarter. Amundi now owns 7,554,880 shares of the home improvement retailer’s stock valued at $2,925,498,000 after buying an additional 599,490 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Trading Down 0.9 %

NYSE:HD opened at $364.82 on Thursday. The company has a market cap of $362.39 billion, a P/E ratio of 24.78, a P/E/G ratio of 4.03 and a beta of 1.09. The stock’s fifty day moving average price is $399.01 and its two-hundred day moving average price is $399.78. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year 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.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 earnings per share. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS 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 dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.52%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 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.