Groupama Asset Managment decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,954 shares of the home improvement retailer’s stock after selling 1,964 shares during the quarter. Groupama Asset Managment’s holdings in Home Depot were worth $5,834,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gator Capital Management LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $3,693,000. King Luther Capital Management Corp raised its position in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after buying an additional 7,180 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of Home Depot by 24.8% in the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after buying an additional 21,545 shares during the period. Savvy Advisors Inc. boosted its stake in shares of Home Depot by 36.0% in the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after buying an additional 5,152 shares during the period. Finally, Mariner LLC grew its position in Home Depot by 3.7% during the third quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock worth $460,544,000 after buying an additional 40,693 shares in the last quarter. 70.86% of the stock is owned by institutional investors.
Home Depot Trading Up 0.1%
Shares of HD opened at $334.72 on Friday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a market cap of $333.75 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.86 and a beta of 0.97. The business’s fifty day moving average is $323.24 and its 200-day moving average is $346.39.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on HD shares. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Wells Fargo & Company cut their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Jefferies Financial Group decreased their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Daiwa Securities Group boosted their price target on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, Bank of America initiated coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective for the company. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.71.
Check Out Our Latest Research Report on HD
About Home Depot
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
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