Probity Advisors Inc. Invests $1.26 Million in The Home Depot, Inc. (NYSE:HD)


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Probity Advisors Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,128 shares of the home improvement retailer’s stock, valued at approximately $1,260,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CI Investments Inc. increased its stake in The Home Depot by 7.4% during the 4th 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 boosted its holdings in shares of The Home Depot by 27.9% in the first quarter. Roffman Miller Associates Inc. PA now owns 390,451 shares of the home improvement retailer’s stock worth $46,067,000 after buying an additional 85,287 shares during the period. Clearview Wealth Advisors LLC acquired a new position in shares of The Home Depot in the fourth quarter worth about $249,000. Canvas Wealth Advisors LLC acquired a new position in shares of The Home Depot in the first quarter worth about $1,060,000. Finally, Venture Visionary Partners LLC boosted its holdings 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 worth $7,375,000 after purchasing an additional 13,825 shares during the period. 68.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HD opened at $330.27 on Tuesday. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72. The company has a market capitalization of $355.11 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The firm’s 50-day moving average is $309.92 and its two-hundred day moving average is $281.73. The Home Depot, Inc. has a 12-month low of $215.21 and a 12-month high of $331.62.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.02. The business had revenue of $32.26 billion during the quarter, compared to analyst estimates 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 revenue was up 25.1% on a year-over-year basis. During the same period last year, the business earned $2.28 EPS. On average, analysts forecast that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were given a $1.65 dividend. The ex-dividend date was Wednesday, March 10th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s dividend payout ratio (DPR) is presently 64.39%.

A number of research firms have recently commented on HD. Loop Capital lifted their price target on shares of The Home Depot from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, April 19th. UBS Group lifted their price target on shares of The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, April 20th. JPMorgan Chase & Co. boosted their target price on shares of The Home Depot from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, April 26th. Zelman & Associates downgraded shares of The Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, April 15th. Finally, Guggenheim upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target on the stock in a research report on Wednesday, January 13th. Five research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The Home Depot has a consensus rating of “Buy” and a consensus target price of $304.65.

About The Home Depot

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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