SevenBridge Financial Group LLC Has $4.10 Million Stake in The Home Depot, Inc. (NYSE:HD)

SevenBridge Financial Group LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,839 shares of the home improvement retailer's stock after buying an additional 1,004 shares during the quarter. SevenBridge Financial Group LLC's holdings in Home Depot were worth $4,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Synergy Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot in the third quarter worth $41,000. Finally, Marshall Investment Management LLC acquired a new position in Home Depot during the fourth quarter valued at $41,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.6 %

NYSE:HD traded down $2.13 during trading hours on Friday, hitting $353.78. The stock had a trading volume of 7,527,472 shares, compared to its average volume of 3,457,053. The business's 50 day moving average is $384.89 and its 200-day moving average is $398.15. 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 company has a market cap of $351.67 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was 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%.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Gordon Haskett lowered shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday. KGI Securities upgraded Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, HSBC raised Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus target price 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.