The Home Depot, Inc. (NYSE:HD) Stock Holdings Increased by Modus Advisors LLC


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Modus Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,481 shares of the home improvement retailer’s stock after acquiring an additional 211 shares during the quarter. Modus Advisors LLC’s holdings in The Home Depot were worth $1,978,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. Trust Asset Management LLC raised its holdings in shares of The Home Depot by 79.4% during the third quarter. Trust Asset Management LLC now owns 5,490 shares of the home improvement retailer’s stock valued at $1,525,000 after acquiring an additional 2,429 shares during the period. Walkner Condon Financial Advisors LLC acquired a new stake in shares of The Home Depot during the third quarter valued at approximately $215,000. Wealth Alliance raised its holdings in shares of The Home Depot by 6.3% during the third quarter. Wealth Alliance now owns 3,990 shares of the home improvement retailer’s stock valued at $1,108,000 after acquiring an additional 235 shares during the period. Boothbay Fund Management LLC purchased a new position in The Home Depot during the third quarter valued at approximately $559,000. Finally, Engineers Gate Manager LP grew its position in The Home Depot by 15.2% during the third quarter. Engineers Gate Manager LP now owns 5,151 shares of the home improvement retailer’s stock valued at $1,430,000 after purchasing an additional 680 shares in the last quarter. Institutional investors and hedge funds own 68.71% of the company’s stock.

A number of research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective on the stock in a research report on Wednesday, January 13th. Citigroup initiated coverage on shares of The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of The Home Depot in a research report on Monday, March 15th. They issued a “buy” rating and a $288.00 target price for the company. Finally, Zelman & Associates raised shares of The Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Five investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $299.32.

NYSE:HD traded down $0.19 during trading hours on Thursday, hitting $312.28. 64,296 shares of the company traded hands, compared to its average volume of 4,696,611. The stock has a market capitalization of $336.20 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a twelve month low of $191.54 and a twelve month high of $315.94. The firm has a 50-day moving average of $280.49 and a 200 day moving average of $276.00. 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 released its earnings results 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 analysts’ expectations of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The business’s quarterly 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. Equities research analysts predict that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were paid a dividend of $1.65 per share. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 2.11%. The ex-dividend date was Wednesday, March 10th. The Home Depot’s dividend payout ratio is presently 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, 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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