The Home Depot, Inc. (NYSE:HD) Shares Sold by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 75.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,653 shares of the home improvement retailer's stock after selling 39,639 shares during the period. Home Depot comprises about 1.9% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 15th biggest holding. RWQ Financial Management Services Inc.'s holdings in Home Depot were worth $4,922,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms recently issued reports on HD. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and lifted their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Robert W. Baird dropped their price target on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Wedbush restated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Guggenheim reissued a "buy" rating and issued a $450.00 price target 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

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Home Depot Stock Up 3.7 %

Shares of Home Depot stock traded up $12.82 during trading hours on Monday, reaching $363.97. 4,022,527 shares of the company were exchanged, compared to its average volume of 3,219,447. The firm has a market cap of $361.55 billion, a PE ratio of 24.73, a PEG ratio of 4.03 and a beta of 1.09. The stock's fifty day moving average is $393.97 and its 200 day moving average is $399.14. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the company earned $2.82 EPS. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is 61.66%.

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.