Haverford Trust Co Reduces Position in The Home Depot, Inc. (NYSE:HD)

Haverford Trust Co decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,282 shares of the home improvement retailer's stock after selling 1,006 shares during the quarter. Haverford Trust Co's holdings in Home Depot were worth $43,288,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HD. POM Investment Strategies LLC boosted its position in Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after buying an additional 24 shares during the period. Center for Financial Planning Inc. raised its stake in shares of Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after acquiring an additional 24 shares during the last quarter. Insight Inv LLC lifted its holdings in shares of Home Depot by 2.0% during the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after purchasing an additional 25 shares during the period. Marino Stram & Associates LLC grew its stake in shares of Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after purchasing an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC increased its holdings in Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after purchasing an additional 25 shares during the period. Institutional investors own 70.86% of the company's stock.

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Home Depot Stock Performance

HD stock traded up $0.83 during midday 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a market cap of $360.55 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 4.03 and a beta of 1.09. The stock's 50-day moving average price is $391.01 and its 200 day moving average price is $398.65. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HD shares. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird reduced 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 upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Wedbush reiterated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.