M&G Plc Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

M&G PLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,434 shares of the home improvement retailer's stock after buying an additional 10,456 shares during the period. M&G PLC's holdings in Home Depot were worth $103,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Texas Capital Bank Wealth Management Services Inc increased its stake in Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock valued at $9,348,000 after purchasing an additional 5,879 shares during the last quarter. Empirical Finance LLC grew its position in shares of Home Depot by 3.3% in the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer's stock valued at $14,242,000 after buying an additional 1,195 shares during the last quarter. Pegasus Asset Management Inc. raised its stake in Home Depot by 1.8% during the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock worth $2,024,000 after acquiring an additional 86 shares in the last quarter. Commonwealth Retirement Investments LLC lifted its position in Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer's stock valued at $7,146,000 after acquiring an additional 965 shares during the last quarter. Finally, Swedbank AB lifted its position in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after acquiring an additional 132,967 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They set a "buy" rating and a $426.00 target price on the stock. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price objective for the company. DA Davidson raised their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Oppenheimer upped their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada lowered their price objective on shares of Home Depot from $377.00 to $363.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $416.52.

Home Depot Price Performance

Shares of HD stock traded up $11.07 during mid-day trading on Thursday, reaching $399.44. The stock had a trading volume of 4,100,504 shares, compared to its average volume of 3,368,736. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The business has a 50-day simple moving average of $393.80 and a 200 day simple moving average of $363.10. The company has a market cap of $396.76 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts' expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot's payout ratio is 60.57%.

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.