APG Asset Management N.V. Has $387.71 Million Stake in The Home Depot, Inc. (NYSE:HD)

APG Asset Management N.V. increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 559.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,032,082 shares of the home improvement retailer's stock after purchasing an additional 875,591 shares during the quarter. Home Depot makes up 1.1% of APG Asset Management N.V.'s portfolio, making the stock its 14th biggest position. APG Asset Management N.V. owned 0.10% of Home Depot worth $387,706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Bernard Wealth Management Corp. bought a new stake in shares of Home Depot in the 4th quarter valued at about $1,729,000. Abacus FCF Advisors LLC grew its holdings in Home Depot by 60.7% during the fourth quarter. Abacus FCF Advisors LLC now owns 49,042 shares of the home improvement retailer's stock valued at $19,077,000 after purchasing an additional 18,533 shares during the period. Bank of Nova Scotia increased its stake in Home Depot by 34.0% in the fourth quarter. Bank of Nova Scotia now owns 376,808 shares of the home improvement retailer's stock valued at $146,616,000 after purchasing an additional 95,586 shares in the last quarter. FIL Ltd raised its holdings in Home Depot by 14.3% in the fourth quarter. FIL Ltd now owns 120,618 shares of the home improvement retailer's stock worth $46,919,000 after purchasing an additional 15,075 shares during the period. Finally, Shelton Capital Management boosted its position in shares of Home Depot by 18.7% during the fourth quarter. Shelton Capital Management now owns 51,038 shares of the home improvement retailer's stock worth $19,853,000 after purchasing an additional 8,058 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Remove Ads

Home Depot Stock Performance

Shares of NYSE:HD traded down $0.00 on Friday, hitting $353.62. The company had a trading volume of 3,574,295 shares, compared to its average volume of 3,489,908. The stock has a 50 day moving average price of $375.29 and a 200 day moving average price of $395.97. 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 stock has a market cap of $351.51 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released 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 firm had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the prior year, the firm earned $2.82 EPS. The business's revenue was up 14.1% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Analyst Ratings Changes

Several analysts recently commented on the company. Gordon Haskett downgraded Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $434.08.

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.