Coordinated Financial Services Inc. Acquires Shares of 2,572 The Home Depot, Inc. (NYSE:HD)

Coordinated Financial Services Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,572 shares of the home improvement retailer's stock, valued at approximately $1,001,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SYM FINANCIAL Corp lifted its holdings in shares of Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock valued at $777,000 after purchasing an additional 289 shares during the last quarter. Swedbank AB lifted its stake in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after acquiring an additional 141,915 shares in the last quarter. Capital Performance Advisors LLP lifted its stake in Home Depot by 22.1% in the 3rd quarter. Capital Performance Advisors LLP now owns 740 shares of the home improvement retailer's stock worth $300,000 after acquiring an additional 134 shares in the last quarter. Finally, ABLE Financial Group LLC lifted its stake in Home Depot by 10.6% in the 3rd quarter. ABLE Financial Group LLC now owns 5,667 shares of the home improvement retailer's stock worth $2,296,000 after acquiring an additional 542 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HD shares. Robert W. Baird reduced their price objective 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. Royal Bank of Canada cut their price target on 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. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Evercore ISI raised their price objective on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $436.50.

Home Depot Price Performance

HD traded down $5.08 during trading on Friday, hitting $376.66. The company's stock had a trading volume of 4,572,916 shares, compared to its average volume of 3,351,697. The firm's 50 day moving average price is $400.21 and its two-hundred day moving average price is $400.02. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market capitalization of $374.16 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.82 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share 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. Shareholders of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.44%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

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.