Eurizon SLJ Capital Ltd bought a new position in The Home Depot, Inc. (NYSE:HD – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 1,725 shares of the home improvement retailer’s stock, valued at approximately $594,000.
Several other hedge funds also recently made changes to their positions in the company. Coyle Financial Counsel LLC grew its position in shares of Home Depot by 7.6% in the 4th quarter. Coyle Financial Counsel LLC now owns 1,557 shares of the home improvement retailer’s stock worth $536,000 after acquiring an additional 110 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Home Depot in the 4th quarter worth approximately $152,178,000. Hillsdale Investment Management Inc. grew its position in shares of Home Depot by 163.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,300 shares of the home improvement retailer’s stock worth $1,824,000 after acquiring an additional 3,290 shares in the last quarter. Zhang Financial LLC grew its position in shares of Home Depot by 2.7% in the 4th quarter. Zhang Financial LLC now owns 5,705 shares of the home improvement retailer’s stock worth $1,963,000 after acquiring an additional 148 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Home Depot in the 4th quarter worth approximately $9,897,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Trading Down 1.2%
NYSE:HD opened at $317.41 on Friday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The firm has a market capitalization of $316.15 billion, a P/E ratio of 22.54, a P/E/G ratio of 3.71 and a beta of 1.00. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The business has a 50 day simple moving average of $324.70 and a 200 day simple moving average of $349.76.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s payout ratio is currently 66.19%.
Insider Transactions at Home Depot
In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on HD shares. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Wolfe Research reiterated an “outperform” rating and issued a $365.00 target price on shares of Home Depot in a research report on Tuesday, May 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Argus decreased their target price on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Guggenheim reiterated a “buy” rating and issued a $425.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.39.
Get Our Latest Research Report on Home Depot
Home Depot Profile
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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