Pacad Investment Ltd. increased its stake in shares of Home Depot Inc (NYSE:HD) by 1,055.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 72,820 shares of the home improvement retailer’s stock after buying an additional 66,517 shares during the period. Home Depot accounts for 1.2% of Pacad Investment Ltd.’s investment portfolio, making the stock its 6th largest position. Pacad Investment Ltd.’s holdings in Home Depot were worth $9,764,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Glaxis Capital Management LLC acquired a new position in shares of Home Depot during the third quarter worth about $643,000. Nadler Financial Group Inc. boosted its position in shares of Home Depot by 5.3% in the third quarter. Nadler Financial Group Inc. now owns 2,040 shares of the home improvement retailer’s stock worth $262,000 after buying an additional 103 shares during the last quarter. Central Bank & Trust Co. boosted its position in shares of Home Depot by 0.5% in the third quarter. Central Bank & Trust Co. now owns 8,108 shares of the home improvement retailer’s stock worth $1,044,000 after buying an additional 42 shares during the last quarter. Pure Financial Advisors Inc. boosted its position in shares of Home Depot by 6.0% in the third quarter. Pure Financial Advisors Inc. now owns 4,812 shares of the home improvement retailer’s stock worth $619,000 after buying an additional 271 shares during the last quarter. Finally, Bremer Trust National Association boosted its position in shares of Home Depot by 8.4% in the third quarter. Bremer Trust National Association now owns 32,461 shares of the home improvement retailer’s stock worth $4,177,000 after buying an additional 2,503 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.
Home Depot Inc (NYSE:HD) traded up 0.86% on Friday, hitting $150.00. 4,952,565 shares of the stock were exchanged. Home Depot Inc has a one year low of $119.20 and a one year high of $150.15. The company has a market cap of $180.44 billion, a P/E ratio of 23.26 and a beta of 1.09. The company’s 50 day moving average price is $147.32 and its 200-day moving average price is $136.43.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 21st. The home improvement retailer reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.11. The firm earned $22.21 billion during the quarter, compared to the consensus estimate of $21.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. Equities research analysts predict that Home Depot Inc will post $7.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Home Depot’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Tuesday, March 7th. Home Depot’s dividend payout ratio is presently 44.66%.
A number of equities analysts have issued reports on the stock. Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $153.35 target price for the company in a research report on Monday, April 10th. Evercore ISI restated an “underweight” rating on shares of Home Depot in a research report on Monday, February 27th. Morgan Stanley upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $165.00 in a research report on Thursday, February 23rd. Argus lifted their target price on shares of Home Depot to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $145.00 price target on shares of Home Depot in a report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $150.23.
Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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