1,089 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Broyhill Asset Management

Broyhill Asset Management purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,089 shares of the home improvement retailer's stock, valued at approximately $424,000.

A number of other hedge funds have also recently modified their holdings of HD. Principal Financial Group Inc. grew its holdings in Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after buying an additional 141,915 shares during the last quarter. Morse Asset Management Inc boosted its holdings in shares of Home Depot by 12.9% in the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock valued at $12,357,000 after purchasing an additional 3,493 shares during the last quarter. Invst LLC grew its position in Home Depot by 1.7% during the third quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock valued at $2,719,000 after acquiring an additional 115 shares during the period. McIlrath & Eck LLC grew its stake in Home Depot by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock worth $1,089,000 after buying an additional 115 shares during the period. Finally, Tudor Financial Inc. purchased a new stake in shares of Home Depot in the third quarter worth about $1,027,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.9 %

Shares of HD stock traded up $3.06 during mid-day trading on Monday, hitting $356.92. The company's stock had a trading volume of 2,841,813 shares, compared to its average volume of 3,487,086. The company has a market cap of $354.79 billion, a PE ratio of 24.25, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company's fifty day simple moving average is $374.14 and its 200-day simple moving average is $395.67.

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Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $39.15 billion. During the same period last year, the company earned $2.82 earnings per share. The business's revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.58%. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HD. KGI Securities upgraded 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 Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $434.08.

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.