The Home Depot, Inc. (NYSE:HD) Stock Holdings Increased by Family Management Corp

Family Management Corp lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,112 shares of the home improvement retailer’s stock after purchasing an additional 598 shares during the quarter. Home Depot accounts for approximately 1.2% of Family Management Corp’s holdings, making the stock its 20th largest position. Family Management Corp’s holdings in Home Depot were worth $7,244,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter valued at approximately $28,000. Navigoe LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth $32,000. Finally, Quarry LP raised its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 66 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE HD opened at $362.55 on Thursday. The firm has a market cap of $360.38 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.05. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a 50 day moving average of $359.10 and a 200-day moving average of $389.39.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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. 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 business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 EPS. On average, equities analysts forecast 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. Stockholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. 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 2.54%. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio is 61.66%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Gordon Haskett cut Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Guggenheim reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $470.00 to $410.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Wedbush restated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned 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 target price of $431.52.

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.