Teachers Retirement System of The State of Kentucky Has $66.70 Million Stake in The Home Depot, Inc. (NYSE:HD)

Teachers Retirement System of The State of Kentucky lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,464 shares of the home improvement retailer's stock after selling 1,031 shares during the period. Home Depot makes up approximately 0.6% of Teachers Retirement System of The State of Kentucky's holdings, making the stock its 20th biggest position. Teachers Retirement System of The State of Kentucky's holdings in Home Depot were worth $66,698,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HD. POM Investment Strategies LLC lifted its holdings in shares of Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after purchasing an additional 24 shares in the last quarter. Center for Financial Planning Inc. lifted its stake in Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after acquiring an additional 24 shares in the last quarter. Marino Stram & Associates LLC boosted its holdings in Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after acquiring an additional 25 shares during the last quarter. Live Oak Private Wealth LLC grew its stake in shares of Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after acquiring an additional 25 shares in the last quarter. Finally, Mezzasalma Advisors LLC raised its holdings in shares of Home Depot by 4.0% in the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock valued at $255,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HD. Robert W. Baird cut their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Gordon Haskett lowered Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. JPMorgan Chase & Co. lifted their price target on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Piper Sandler lowered their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Price Performance

Shares of NYSE:HD opened at $354.85 on Friday. The company has a 50 day moving average of $369.30 and a 200 day moving average of $394.20. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $352.73 billion, a P/E ratio of 24.11, a P/E/G ratio of 4.03 and a beta of 1.09. 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 issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the business posted $2.82 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.59%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is 61.66%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.