Mission Creek Capital Partners Inc. Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Mission Creek Capital Partners Inc. boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 110.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,218 shares of the home improvement retailer's stock after purchasing an additional 14,305 shares during the quarter. Home Depot comprises about 2.1% of Mission Creek Capital Partners Inc.'s portfolio, making the stock its 7th biggest holding. Mission Creek Capital Partners Inc.'s holdings in Home Depot were worth $10,588,000 at the end of the most recent reporting period.

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

Home Depot Stock Performance

Shares of NYSE HD traded up $2.13 during midday trading on Tuesday, reaching $359.05. The company's stock had a trading volume of 2,836,868 shares, compared to its average volume of 3,461,694. 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 stock has a market capitalization of $356.91 billion, a P/E ratio of 24.39, a PEG ratio of 4.03 and a beta of 1.09. The firm has a 50 day moving average price of $363.21 and a 200-day moving average price of $391.72. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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 for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during 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 revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.56%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is 61.66%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HD. Royal Bank of Canada reduced their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and increased their price target for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Wedbush reiterated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.