The Home Depot, Inc. (NYSE:HD) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,775 shares of the home improvement retailer’s stock after acquiring an additional 41 shares during the quarter. Lindbrook Capital LLC’s holdings in Home Depot were worth $4,191,000 as of its most recent SEC filing.

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

Home Depot Stock Performance

Shares of NYSE:HD opened at $386.82 on Thursday. The firm has a market capitalization of $384.25 billion, a PE ratio of 26.28, a P/E/G ratio of 4.03 and a beta of 1.05. 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 business has a 50-day moving average of $400.81 and a two-hundred day moving average of $399.62. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last posted its 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 business had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research 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 announced 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 is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Royal Bank of Canada dropped their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Stifel Nicolaus upped their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Evercore ISI upped their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $436.50.

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.