Madrona Financial Services LLC Grows Holdings in The Home Depot, Inc. (NYSE:HD)

Madrona Financial Services LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,145 shares of the home improvement retailer’s stock after purchasing an additional 68 shares during the quarter. Madrona Financial Services LLC’s holdings in The Home Depot were worth $655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. CI Investments Inc. increased its stake in shares of The Home Depot by 7.4% during the fourth quarter. CI Investments Inc. now owns 80,119 shares of the home improvement retailer’s stock valued at $21,281,000 after buying an additional 5,505 shares during the period. Roffman Miller Associates Inc. PA raised its holdings in shares of The Home Depot by 27.9% in the 1st quarter. Roffman Miller Associates Inc. PA now owns 390,451 shares of the home improvement retailer’s stock valued at $46,067,000 after purchasing an additional 85,287 shares in the last quarter. Clearview Wealth Advisors LLC bought a new stake in shares of The Home Depot in the 4th quarter valued at about $249,000. Canvas Wealth Advisors LLC purchased a new stake in shares of The Home Depot in the 1st quarter worth approximately $1,060,000. Finally, Venture Visionary Partners LLC boosted its stake in shares of The Home Depot by 99.2% during the fourth quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock valued at $7,375,000 after purchasing an additional 13,825 shares in the last quarter. 68.71% of the stock is owned by hedge funds and other institutional investors.

HD has been the subject of a number of recent research reports. UBS Group boosted their target price on shares of The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, April 20th. Jefferies Financial Group boosted their price objective on shares of The Home Depot from $325.00 to $374.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley raised their target price on shares of The Home Depot from $320.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday. Raymond James upped their price target on The Home Depot from $305.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Zelman & Associates downgraded The Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, April 15th. Five equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $314.68.

NYSE:HD opened at $323.63 on Friday. The firm has a market cap of $347.97 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The stock has a 50 day moving average of $320.50 and a two-hundred day moving average of $284.44. The Home Depot, Inc. has a 12 month low of $232.70 and a 12 month high of $345.69. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39.

The Home Depot (NYSE:HD) last posted its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.02. The firm had revenue of $32.26 billion during the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The firm’s revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 11.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.04%. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. The ex-dividend date was Wednesday, March 10th. The Home Depot’s dividend payout ratio is 64.39%.

The Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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