The Home Depot, Inc. (NYSE:HD) Stake Boosted by Capital International Inc. CA

Capital International Inc. CA lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,123 shares of the home improvement retailer's stock after purchasing an additional 6,508 shares during the period. Capital International Inc. CA's holdings in Home Depot were worth $44,004,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. K.J. Harrison & Partners Inc grew its stake in Home Depot by 65.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after acquiring an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of Home Depot by 19.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after purchasing an additional 3,873 shares during the period. Pensionfund Sabic lifted its position in Home Depot by 51.4% during the fourth 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 during the period. Wedmont Private Capital boosted its stake in Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after buying an additional 1,506 shares during the last quarter. Finally, Disciplined Investors L.L.C. acquired a new position in shares of Home Depot during the 4th quarter valued at about $409,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 2.3 %

NYSE:HD traded down $8.03 during mid-day trading on Monday, reaching $347.03. The stock had a trading volume of 4,011,220 shares, compared to its average volume of 3,472,898. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market capitalization of $344.96 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth 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. The stock's 50 day simple moving average is $369.30 and its two-hundred day simple moving average is $394.08.

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 company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.82 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.65%. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Robert W. Baird cut their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $434.08.

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.