The Home Depot, Inc. (NYSE:HD) Shares Purchased by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 609 shares of the home improvement retailer’s stock after purchasing an additional 100 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Home Depot were worth $237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HC Advisors LLC boosted its position in Home Depot by 19.4% during the fourth quarter. HC Advisors LLC now owns 1,656 shares of the home improvement retailer’s stock worth $644,000 after acquiring an additional 269 shares during the last quarter. A&I Financial Services LLC purchased a new position in Home Depot in the 4th quarter worth approximately $201,000. CORDA Investment Management LLC. boosted its holdings in shares of Home Depot by 2.3% during the 4th quarter. CORDA Investment Management LLC. now owns 4,183 shares of the home improvement retailer’s stock worth $1,627,000 after purchasing an additional 95 shares during the last quarter. Linscomb Wealth Inc. grew its position in shares of Home Depot by 5.0% in the fourth quarter. Linscomb Wealth Inc. now owns 6,854 shares of the home improvement retailer’s stock valued at $2,666,000 after purchasing an additional 326 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Home Depot by 7.4% in the fourth quarter. QRG Capital Management Inc. now owns 145,898 shares of the home improvement retailer’s stock valued at $56,753,000 after purchasing an additional 10,083 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.0 %

HD opened at $390.44 on Friday. The business has a fifty day moving average price of $401.27 and a 200 day moving average price of $398.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market capitalization of $387.85 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HD. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.