Cinctive Capital Management LP Sells 6,029 Shares of The Home Depot, Inc. (NYSE:HD)

Cinctive Capital Management LP trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,832 shares of the home improvement retailer's stock after selling 6,029 shares during the quarter. Cinctive Capital Management LP's holdings in Home Depot were worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HD. Bryce Point Capital LLC bought a new position in Home Depot during the fourth quarter valued at about $557,000. Private Portfolio Partners LLC lifted its stake in Home Depot by 2.2% in the fourth quarter. Private Portfolio Partners LLC now owns 2,956 shares of the home improvement retailer's stock valued at $1,150,000 after purchasing an additional 64 shares during the last quarter. Intrepid Capital Management Inc. purchased a new position in Home Depot in the fourth quarter valued at approximately $212,000. RFG Bristol Wealth Advisors LLC bought a new position in Home Depot during the fourth quarter valued at $1,681,000. Finally, Potomac Fund Management Inc. ADV purchased a new stake in Home Depot in the fourth quarter worth $1,690,000. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.6 %

Shares of NYSE:HD traded down $2.13 during midday trading on Friday, hitting $353.78. 7,527,472 shares of the stock traded hands, compared to its average volume of 3,457,053. 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 business's 50 day moving average is $384.89 and its two-hundred day moving average is $398.15. The stock has a market capitalization of $351.67 billion, a PE ratio of 24.03, a P/E/G ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The business 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%. Home Depot's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HD shares. Robert W. Baird cut their price target on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Wedbush reissued an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price target on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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.