The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Metis Global Partners LLC

Metis Global Partners LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,473 shares of the home improvement retailer’s stock after buying an additional 532 shares during the period. Home Depot accounts for approximately 0.7% of Metis Global Partners LLC’s holdings, making the stock its 20th biggest position. Metis Global Partners LLC’s holdings in Home Depot were worth $23,134,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HD. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot during the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter worth about $41,000. Finally, Sugar Maple Asset Management LLC bought a new position in Home Depot in the 4th quarter worth about $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.6 %

Shares of NYSE:HD opened at $396.69 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $394.06 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a 50 day simple moving average of $401.36 and a 200 day simple moving average of $398.72.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate 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 net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. Home Depot’s dividend payout ratio is presently 61.66%.

Analyst Ratings Changes

Several research analysts have commented on HD shares. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the stock from $356.00 to $410.00 in a research report on Wednesday. Guggenheim restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday. Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Profile

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.