The Home Depot, Inc. (NYSE:HD) Position Raised by Joseph Group Capital Management

Joseph Group Capital Management increased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,026 shares of the home improvement retailer's stock after purchasing an additional 1,103 shares during the period. Home Depot accounts for 1.8% of Joseph Group Capital Management's investment portfolio, making the stock its 14th biggest position. Joseph Group Capital Management's holdings in Home Depot were worth $4,678,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the 4th quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $32,000. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the 4th quarter worth about $39,000. Finally, NewSquare Capital LLC raised its holdings in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock traded up $5.89 on Wednesday, hitting $371.41. 1,399,773 shares of the stock traded hands, compared to its average volume of 3,439,764. The company's fifty day moving average is $388.06 and its 200 day moving average is $398.84. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a market capitalization of $369.19 billion, a PE ratio of 25.23, a PEG ratio of 4.03 and a beta of 1.08. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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Home Depot (NYSE:HD - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the prior year, the company earned $2.82 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Wedbush reissued an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $435.85.

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.