CoreFirst Bank & Trust Takes Position in The Home Depot, Inc. (NYSE:HD)

CoreFirst Bank & Trust bought a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,590 shares of the home improvement retailer’s stock, valued at approximately $1,007,000.

A number of other institutional investors have also bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter worth about $32,000. NewSquare Capital LLC grew its stake in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after buying an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in Home Depot in the 3rd quarter valued at about $41,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Guggenheim reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Stock Up 3.7 %

Shares of NYSE HD opened at $363.97 on Tuesday. The business’s fifty day moving average price is $393.46 and its 200-day moving average price is $399.16. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $361.55 billion, a PE ratio of 24.73, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.53%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is 61.66%.

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.