Pictet Asset Management Holding SA Has $408.34 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Pictet Asset Management Holding SA boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 21.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,049,746 shares of the home improvement retailer's stock after buying an additional 183,267 shares during the period. Pictet Asset Management Holding SA owned approximately 0.11% of Home Depot worth $408,341,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the third quarter worth about $41,000. Finally, Marshall Investment Management LLC bought a new stake in Home Depot during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

HD stock traded up $4.77 during midday trading on Monday, reaching $362.92. 1,207,456 shares of the stock were exchanged, compared to its average volume of 3,440,766. The company has a fifty day moving average price of $389.98 and a 200 day moving average price of $398.99. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. 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 $360.75 billion, a PE ratio of 24.67, a P/E/G ratio of 4.03 and a beta of 1.09.

Remove Ads

Home Depot (NYSE:HD - Get Free Report) last posted its 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. The firm 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 in the previous year, the firm posted $2.82 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is 61.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Royal Bank of Canada reduced their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Finally, Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $435.85.

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.