Capital International Sarl Sells 9,595 Shares of The Home Depot, Inc. (NYSE:HD)

Capital International Sarl lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,405 shares of the home improvement retailer's stock after selling 9,595 shares during the quarter. Capital International Sarl's holdings in Home Depot were worth $25,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the fourth quarter worth $32,000. Marshall Investment Management LLC bought a new stake in Home Depot in the 4th quarter valued at about $41,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $39,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Home Depot stock traded up $8.26 during mid-day trading on Tuesday, reaching $355.16. 745,485 shares of the company were exchanged, compared to its average volume of 3,462,497. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a fifty day simple moving average of $368.09 and a 200-day simple moving average of $393.65. 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 firm has a market cap of $353.04 billion, a PE ratio of 24.13, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the prior year, the company posted $2.82 EPS. The company's revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 payout ratio is currently 61.66%.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Wedbush restated an "outperform" rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Finally, HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $434.08.

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.