Main Street Group LTD Has $545,000 Stake in The Home Depot, Inc. (NYSE:HD)

Main Street Group LTD increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,402 shares of the home improvement retailer’s stock after purchasing an additional 50 shares during the period. Main Street Group LTD’s holdings in Home Depot were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HD. Nearwater Capital Markets Ltd bought a new stake in shares of Home Depot in the 4th quarter valued at about $38,899,000. NorthRock Partners LLC grew its stake in shares of Home Depot by 149.6% in the 4th quarter. NorthRock Partners LLC now owns 16,274 shares of the home improvement retailer’s stock valued at $6,330,000 after buying an additional 9,753 shares during the period. Northeast Financial Consultants Inc increased its holdings in shares of Home Depot by 0.9% during the fourth quarter. Northeast Financial Consultants Inc now owns 23,305 shares of the home improvement retailer’s stock valued at $9,065,000 after acquiring an additional 208 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new position in Home Depot during the fourth quarter worth $268,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $119,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD opened at $373.66 on Wednesday. The stock has a market capitalization of $371.43 billion, a P/E ratio of 25.38, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company’s fifty day moving average is $357.86 and its two-hundred day moving average is $388.40. 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) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $2.82 earnings per share. On average, sell-side analysts predict 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 was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HD shares. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Robert W. Baird cut their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Morgan Stanley decreased their target price on Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $430.32.

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.