Barnett & Company Inc. Invests $776,000 in The Home Depot, Inc. (NYSE:HD)

Barnett & Company Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,995 shares of the home improvement retailer's stock, valued at approximately $776,000.

A number of other large investors have also modified their holdings of the company. Napean Trading & Investment Co Singapore PTE Ltd grew its stake in shares of Home Depot by 26.2% in the fourth quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 30,612 shares of the home improvement retailer's stock worth $11,908,000 after purchasing an additional 6,347 shares in the last quarter. Zevenbergen Capital Investments LLC lifted its holdings in Home Depot by 0.7% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 11,357 shares of the home improvement retailer's stock worth $4,418,000 after purchasing an additional 75 shares during the period. Lynx Investment Advisory grew its position in Home Depot by 51.5% in the 4th quarter. Lynx Investment Advisory now owns 800 shares of the home improvement retailer's stock valued at $311,000 after buying an additional 272 shares in the last quarter. Hirtle Callaghan & Co LLC grew its position in Home Depot by 7.6% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 1,276 shares of the home improvement retailer's stock valued at $496,000 after buying an additional 90 shares in the last quarter. Finally, Towercrest Capital Management increased its stake in Home Depot by 68.7% during the 4th quarter. Towercrest Capital Management now owns 2,202 shares of the home improvement retailer's stock valued at $857,000 after buying an additional 897 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Remove Ads

Home Depot Price Performance

NYSE:HD traded up $0.83 during mid-day trading on Thursday, hitting $362.96. The company's stock had a trading volume of 3,035,092 shares, compared to its average volume of 3,220,848. The company has a market capitalization of $360.55 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 4.03 and a beta of 1.09. 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 fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a fifty day moving average of $391.01 and a 200-day moving average of $398.65.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The business 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 in the prior year, the firm posted $2.82 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research analyst reports. 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. Robert W. Baird lowered their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Royal Bank of Canada cut their target price on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Finally, HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and lifted their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $435.85.

About Home Depot

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.