The Home Depot, Inc. (NYSE:HD) Shares Acquired by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc raised its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 851 shares of the home improvement retailer’s stock after acquiring an additional 35 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Home Depot were worth $269,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BCK Partners Inc. acquired a new stake in shares of Home Depot in the first quarter valued at approximately $2,933,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the first quarter valued at approximately $27,000. Ergoteles LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $1,554,000. Equitable Holdings Inc. increased its holdings in shares of Home Depot by 7.4% in the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Home Depot by 3.2% in the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares during the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

Home Depot Stock Up 0.6 %

HD opened at $288.39 on Friday. The business’s 50-day simple moving average is $310.70 and its 200-day simple moving average is $303.66. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $347.25. The stock has a market capitalization of $295.23 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The business had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. During the same quarter in the previous year, the firm earned $3.21 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be issued a dividend of $2.09 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s dividend payout ratio (DPR) is currently 50.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Telsey Advisory Group cut their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Citigroup lowered their price objective on Home Depot from $340.00 to $332.00 and set a “buy” rating for the company in a research report on Wednesday, February 22nd. StockNews.com began coverage on Home Depot in a research report on Thursday. They issued a “hold” rating for the company. Credit Suisse Group lowered their price objective on Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, February 22nd. Finally, Barclays lowered their price objective on Home Depot from $323.00 to $310.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $331.45.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.