McIlrath & Eck LLC Purchases 294 Shares of The Home Depot, Inc. (NYSE:HD)

McIlrath & Eck LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,981 shares of the home improvement retailer’s stock after acquiring an additional 294 shares during the period. McIlrath & Eck LLC’s holdings in Home Depot were worth $1,160,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. K.J. Harrison & Partners Inc boosted its position in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after acquiring an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake 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 valued at $9,242,000 after acquiring an additional 3,873 shares during the last quarter. Disciplined Investors L.L.C. bought a new position in Home Depot during the 4th quarter worth approximately $409,000. JPL Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $3,193,000. Finally, Umpqua Bank grew its holdings in shares of Home Depot by 26.5% in the fourth 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. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HD. DA Davidson cut their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday. Gordon Haskett boosted their price objective on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Sanford C. Bernstein decreased their price target on shares of Home Depot from $421.00 to $380.00 and set a “market perform” rating for the company in a research note on Tuesday, May 13th. Finally, HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $424.60.

Home Depot Trading Down 0.7%

NYSE HD opened at $376.84 on Wednesday. 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 firm has a market cap of $374.59 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 4.03 and a beta of 1.05. The firm has a 50 day simple moving average of $358.99 and a 200-day simple moving average of $387.78. 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 quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.63 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal 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 paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is presently 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.