Holcombe Financial Inc. Buys New Position in The Home Depot, Inc. (NYSE:HD)

Holcombe Financial Inc. bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,388 shares of the home improvement retailer's stock, valued at approximately $929,000. Home Depot makes up about 0.8% of Holcombe Financial Inc.'s holdings, making the stock its 16th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Home Depot during the fourth quarter worth $5,032,910,000. Raymond James Financial Inc. purchased a new stake in Home Depot in the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC grew its stake in Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after acquiring an additional 2,030,372 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Home Depot by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after acquiring an additional 875,836 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Home Depot by 559.5% in the fourth quarter. APG Asset Management N.V. now owns 1,032,082 shares of the home improvement retailer's stock valued at $387,706,000 after purchasing an additional 875,591 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 2.4 %

Shares of Home Depot stock traded up $8.19 on Tuesday, reaching $355.09. 912,401 shares of the company were exchanged, compared to its average volume of 3,462,916. 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 moving average price is $368.09 and its 200-day moving average price is $393.65. 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 cap of $352.97 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

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 analysts' consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Piper Sandler dropped their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Finally, KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $434.08.

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.