M. Kulyk & Associates LLC Has $10.97 Million Position in The Home Depot, Inc. (NYSE:HD)

M. Kulyk & Associates LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,201 shares of the home improvement retailer's stock after selling 2,610 shares during the quarter. Home Depot accounts for about 2.4% of M. Kulyk & Associates LLC's investment portfolio, making the stock its 13th largest holding. M. Kulyk & Associates LLC's holdings in Home Depot were worth $10,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $32,000. NewSquare Capital LLC boosted its stake in shares of Home Depot by 200.0% during the 4th 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 last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HD. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their target price 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. Evercore ISI increased their target price on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $436.50.

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Home Depot Stock Down 1.3 %

NYSE:HD traded down $5.08 on Friday, hitting $376.66. 4,572,916 shares of the company's stock traded hands, compared to its average volume of 3,351,697. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a 50-day moving average price of $400.21 and a 200-day moving average price of $400.02. The company has a market cap of $374.16 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. 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 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $2.30 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. Home Depot's payout ratio is presently 61.66%.

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.