LifeSteps Financial Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 10.1% in the 4th quarter, HoldingsChannel reports. The firm owned 4,970 shares of the home improvement retailer’s stock after purchasing an additional 455 shares during the quarter. Home Depot makes up 1.6% of LifeSteps Financial Inc.’s holdings, making the stock its 15th biggest holding. LifeSteps Financial Inc.’s holdings in Home Depot were worth $1,570,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in HD. First Personal Financial Services lifted its position in shares of Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 43 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Home Depot during the 1st quarter worth approximately $27,000. Align Wealth Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $30,000. Glassy Mountain Advisors Inc. purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $30,000. Finally, Bellwether Advisors LLC lifted its position in shares of Home Depot by 74.0% during the 3rd quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on HD. Evercore ISI cut their target price on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Wedbush lifted their target price on shares of Home Depot from $280.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, February 22nd. Loop Capital cut their target price on shares of Home Depot from $310.00 to $300.00 and set a “hold” rating on the stock in a report on Wednesday, February 22nd. Citigroup dropped their price objective on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating on the stock in a research note on Wednesday, February 22nd. Finally, StockNews.com began coverage on shares of Home Depot in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $331.45.
Home Depot Price Performance
Home Depot stock opened at $283.02 on Monday. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The firm’s 50-day simple moving average is $306.70 and its 200 day simple moving average is $303.64. The firm has a market capitalization of $287.25 billion, a PE ratio of 16.97, a P/E/G ratio of 1.59 and a beta of 0.93.
Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The business had revenue of $35.83 billion for the quarter, compared to analyst estimates of $36 billion. During the same period in the previous year, the firm earned $3.21 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equity research analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.
Home Depot Increases Dividends
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were given a $2.09 dividend. The ex-dividend date was Wednesday, March 8th. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. This represents an $8.36 annualized dividend and a dividend yield of 2.95%. Home Depot’s payout ratio is currently 50.12%.
Home Depot Company 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: US, Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
See Also
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