PCG Asset Management LLC Invests $1.65 Million in The Home Depot, Inc. (NYSE:HD)

PCG Asset Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,244 shares of the home improvement retailer's stock, valued at approximately $1,651,000. Home Depot accounts for about 1.4% of PCG Asset Management LLC's holdings, making the stock its 20th largest position.

Other hedge funds have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc lifted its position in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Pensionfund Sabic lifted its position in Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock worth $4,357,000 after buying an additional 3,800 shares in the last quarter. Swedbank AB boosted its stake in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after buying an additional 132,967 shares during the period. Wedmont Private Capital increased its stake in shares of Home Depot by 12.5% in the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $1,793,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock traded down $5.09 during mid-day trading on Monday, reaching $391.51. The stock had a trading volume of 1,253,906 shares, compared to its average volume of 3,232,739. The firm has a market cap of $388.91 billion, a PE ratio of 26.61, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm's 50 day simple moving average is $401.36 and its 200 day simple moving average is $399.37.

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

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.35%. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HD shares. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $436.50.

Home Depot Company 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.