Jaffetilchin Investment Partners LLC increased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,608 shares of the home improvement retailer's stock after acquiring an additional 766 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Home Depot were worth $5,293,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $32,000. Marshall Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at approximately $41,000. Finally, Sellwood Investment Partners LLC bought a new position in Home Depot during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.
Home Depot Price Performance
Shares of HD traded down $1.07 during mid-day trading on Tuesday, hitting $356.13. The company's stock had a trading volume of 1,004,142 shares, compared to its average volume of 3,477,422. 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 firm has a 50-day moving average price of $374.14 and a 200 day moving average price of $395.67. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market capitalization of $354.00 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 4.03 and a beta of 1.09.
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 (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal 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 paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.58%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.
Analyst Ratings Changes
A number of brokerages have weighed in on HD. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Robert W. Baird dropped their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Ten investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $434.08.
Check Out Our Latest Stock Analysis on HD
About Home Depot
(
Free Report)
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.
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