Telos Capital Management Inc. Boosts Holdings in The Home Depot, Inc. (NYSE:HD)


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Telos Capital Management Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 33.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,482 shares of the home improvement retailer’s stock after purchasing an additional 3,868 shares during the period. Telos Capital Management Inc.’s holdings in The Home Depot were worth $4,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its holdings in The Home Depot by 1.8% during the fourth quarter. FMR LLC now owns 21,267,809 shares of the home improvement retailer’s stock valued at $5,649,155,000 after purchasing an additional 372,183 shares in the last quarter. Norges Bank purchased a new position in The Home Depot during the fourth quarter valued at $3,153,816,000. Morgan Stanley lifted its holdings in The Home Depot by 10.6% during the fourth quarter. Morgan Stanley now owns 11,028,573 shares of the home improvement retailer’s stock valued at $2,929,410,000 after purchasing an additional 1,058,223 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in The Home Depot by 2.8% during the fourth quarter. Bank of New York Mellon Corp now owns 10,917,691 shares of the home improvement retailer’s stock valued at $2,899,957,000 after purchasing an additional 293,800 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in The Home Depot by 11.8% during the fourth quarter. Alliancebernstein L.P. now owns 9,402,719 shares of the home improvement retailer’s stock valued at $2,497,550,000 after purchasing an additional 991,241 shares in the last quarter. 68.71% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of The Home Depot in a research note on Monday, March 15th. They issued a “buy” rating and a $288.00 price target on the stock. Guggenheim raised 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 note on Wednesday, January 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of The Home Depot in a research note on Monday, March 15th. They issued a “buy” rating and a $288.00 price target on the stock. Loop Capital raised their price target on shares of The Home Depot from $310.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, April 19th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $319.00 price target on shares of The Home Depot in a research note on Thursday, March 25th. Five research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $304.65.

Shares of The Home Depot stock opened at $330.27 on Tuesday. The company has a market capitalization of $355.11 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The Home Depot, Inc. has a 52-week low of $215.21 and a 52-week high of $331.62. The company has a 50 day moving average of $309.92 and a 200 day moving average of $281.73.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.02. The business had revenue of $32.26 billion during the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Wednesday, March 10th. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s payout ratio is currently 64.39%.

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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