Public Employees Retirement Association of Colorado decreased its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 2.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 520,060 shares of the home improvement retailer’s stock after selling 13,923 shares during the quarter. Home Depot accounts for about 0.7% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 29th largest position. Public Employees Retirement Association of Colorado’s holdings in Home Depot were worth $178,953,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. King Luther Capital Management Corp boosted its stake in shares of Home Depot by 0.6% in the 4th 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 purchasing 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 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after purchasing an additional 21,545 shares in the last quarter. Savvy Advisors Inc. boosted its stake in shares of Home Depot by 36.0% in the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after purchasing an additional 5,152 shares in the last quarter. Mariner LLC boosted its stake in shares of Home Depot by 3.7% in the 3rd quarter. Mariner LLC now owns 1,136,584 shares of the home improvement retailer’s stock valued at $460,544,000 after purchasing an additional 40,693 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Home Depot by 320.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after purchasing an additional 8,606 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Home Depot Trading Down 0.0%
Shares of HD opened at $328.37 on Monday. The stock has a market capitalization of $327.42 billion, a P/E ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.97. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The firm has a fifty day simple moving average of $322.44 and a two-hundred day simple moving average of $347.12. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75.
Home Depot Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.
Analyst Ratings Changes
HD has been the subject of a number of research reports. Telsey Advisory Group cut their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Robert W. Baird cut their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. DA Davidson cut their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Argus dropped their price target on shares of 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, Wells Fargo & Company dropped their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $371.71.
View Our Latest Stock 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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