one8zero8 LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

one8zero8 LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, HoldingsChannel reports. The firm acquired 2,980 shares of the home improvement retailer’s stock, valued at approximately $1,159,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Choate Investment Advisors increased its position in Home Depot by 4.6% during the 4th quarter. Choate Investment Advisors now owns 138,312 shares of the home improvement retailer’s stock worth $53,815,000 after purchasing an additional 6,119 shares in the last quarter. Diversified Enterprises LLC increased its position in Home Depot by 1.9% during the 4th quarter. Diversified Enterprises LLC now owns 4,259 shares of the home improvement retailer’s stock worth $1,657,000 after purchasing an additional 79 shares in the last quarter. Natixis Advisors LLC increased its position in Home Depot by 5.0% during the 4th quarter. Natixis Advisors LLC now owns 784,566 shares of the home improvement retailer’s stock worth $305,188,000 after purchasing an additional 37,153 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in Home Depot by 3.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 14,206 shares of the home improvement retailer’s stock worth $5,526,000 after purchasing an additional 512 shares in the last quarter. Finally, First Financial Group Corp purchased a new stake in Home Depot during the 4th quarter worth about $247,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $351.16 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock’s 50 day moving average is $397.43 and its two-hundred day moving average is $399.44. The company has a market capitalization of $348.83 billion, a PE ratio of 23.86, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the business earned $2.82 EPS. Home Depot’s revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.62%. Home Depot’s payout ratio is currently 61.66%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Royal Bank of Canada decreased their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. 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 research note on Wednesday, February 26th. Robert W. Baird decreased their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Company 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.