Harvest Fund Management Co. Ltd Sells 3,827 Shares of The Home Depot, Inc. (NYSE:HD)

Harvest Fund Management Co. Ltd lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,484 shares of the home improvement retailer's stock after selling 3,827 shares during the period. Harvest Fund Management Co. Ltd's holdings in Home Depot were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. SYM FINANCIAL Corp raised its position in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock valued at $777,000 after buying an additional 289 shares during the last quarter. Swedbank AB raised its position in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after buying an additional 132,967 shares during the last quarter. Principal Financial Group Inc. raised its position in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after buying an additional 141,915 shares during the last quarter. United Bank raised its position in Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock valued at $1,806,000 after buying an additional 181 shares during the last quarter. Finally, New Millennium Group LLC raised its position in Home Depot by 634.2% in the 3rd quarter. New Millennium Group LLC now owns 2,342 shares of the home improvement retailer's stock valued at $949,000 after buying an additional 2,023 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Wedbush reaffirmed an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $436.50.

Home Depot Stock Down 1.0 %

Shares of Home Depot stock traded down $3.40 on Friday, hitting $352.12. The company had a trading volume of 8,175,545 shares, compared to its average volume of 3,216,220. The stock has a market capitalization of $349.78 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a 50 day moving average of $393.97 and a 200-day moving average of $398.90. 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 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 firm had revenue of $39.70 billion during 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 company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 earnings per share. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.61%. Home Depot's dividend payout ratio is 61.66%.

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.