2,801 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,801 shares of the home improvement retailer’s stock, valued at approximately $1,090,000. Home Depot comprises about 1.1% of Yoffe Investment Management LLC’s portfolio, making the stock its 21st largest holding.

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

Analyst Ratings Changes

HD has been the subject of a number of analyst reports. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Robert W. Baird reduced their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.85.

Home Depot Price Performance

Shares of HD opened at $355.77 on Friday. The company has a market capitalization of $353.64 billion, a P/E ratio of 24.17, a P/E/G ratio of 4.03 and a beta of 1.08. The business’s 50-day moving average is $386.11 and its two-hundred day moving average is $398.35. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $39.15 billion. During the same period last year, the business earned $2.82 earnings per share. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, March 13th. Home Depot’s payout ratio is currently 61.66%.

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.