The Home Depot, Inc. (NYSE:HD) Shares Bought by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,191 shares of the home improvement retailer’s stock after acquiring an additional 151 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Home Depot were worth $852,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. K.J. Harrison & Partners Inc lifted its holdings in shares of Home Depot by 65.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after purchasing an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock worth $9,242,000 after purchasing an additional 3,873 shares during the last quarter. Disciplined Investors L.L.C. bought a new stake in shares of Home Depot in the 4th quarter worth approximately $409,000. JPL Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $3,193,000. Finally, Umpqua Bank lifted its holdings in shares of Home Depot by 26.5% in the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock worth $2,425,000 after purchasing an additional 1,294 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 1.7%

HD opened at $379.13 on Friday. 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 company has a market capitalization of $376.87 billion, a PE ratio of 25.76, a P/E/G ratio of 4.03 and a beta of 1.05. The stock’s fifty day moving average is $357.87 and its 200-day moving average is $388.12. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The business had revenue of $39.70 billion for 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 company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HD shares. Wells Fargo & Company cut their price target on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Morgan Stanley cut their price target on Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price target for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on Home Depot from $470.00 to $410.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Finally, Royal Bank of Canada cut their price target 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. Nine 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 currently has a consensus rating of “Moderate Buy” and a consensus price target 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.