Jump Financial LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Jump Financial LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 7,274.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,891 shares of the home improvement retailer's stock after purchasing an additional 57,106 shares during the period. Home Depot comprises about 0.5% of Jump Financial LLC's portfolio, making the stock its 29th largest holding. Jump Financial LLC's holdings in Home Depot were worth $22,519,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HD. Anchor Investment Management LLC lifted its stake in Home Depot by 2.3% in the 4th quarter. Anchor Investment Management LLC now owns 20,004 shares of the home improvement retailer's stock valued at $7,781,000 after buying an additional 456 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $3,900,000. Ontario Teachers Pension Plan Board raised its stake in Home Depot by 12.1% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 3,117 shares of the home improvement retailer's stock valued at $1,212,000 after purchasing an additional 337 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Home Depot by 44.0% during the 4th quarter. Guggenheim Capital LLC now owns 84,704 shares of the home improvement retailer's stock worth $32,949,000 after purchasing an additional 25,890 shares during the last quarter. Finally, Rossby Financial LCC purchased a new stake in shares of Home Depot during the fourth quarter worth $536,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE:HD traded up $8.86 during mid-day trading on Friday, reaching $354.85. 3,231,380 shares of the stock were exchanged, compared to its average volume of 3,469,143. The stock has a market capitalization of $352.73 billion, a P/E ratio of 24.11, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a 50 day simple moving average of $369.30 and a 200-day simple moving average of $394.32. 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 announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The business 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 company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.59%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HD shares. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities raised Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company upped their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a 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 issued a strong buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price 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.