Mizuho Securities USA LLC Has $36.62 Million Stake in The Home Depot, Inc. (NYSE:HD)

Mizuho Securities USA LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,142 shares of the home improvement retailer's stock after purchasing an additional 29,841 shares during the quarter. Home Depot comprises 0.7% of Mizuho Securities USA LLC's holdings, making the stock its 21st biggest position. Mizuho Securities USA LLC's holdings in Home Depot were worth $36,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the 4th quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth about $32,000. NewSquare Capital LLC lifted its stake in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after acquiring an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the third quarter valued at approximately $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.8 %

Shares of NYSE:HD traded down $2.87 during midday trading on Tuesday, hitting $360.90. 2,799,540 shares of the stock were exchanged, compared to its average volume of 3,217,302. The business's fifty day simple moving average is $393.46 and its two-hundred day simple moving average is $399.16. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market capitalization of $358.50 billion, a PE ratio of 24.52, a P/E/G ratio of 4.03 and a beta of 1.09.

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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, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period last year, the business earned $2.82 EPS. The business's quarterly revenue was up 14.1% on a year-over-year basis. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. Home Depot's dividend payout ratio is 61.66%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HD. Robert W. Baird dropped their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on shares of 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. Finally, Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Nine investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $435.85.

About Home Depot

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.