Bender Robert & Associates increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,857 shares of the home improvement retailer’s stock after buying an additional 792 shares during the quarter. The Home Depot accounts for approximately 0.9% of Bender Robert & Associates’ holdings, making the stock its 26th largest holding. Bender Robert & Associates’ holdings in The Home Depot were worth $2,704,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Flagship Private Wealth LLC bought a new position in The Home Depot during the fourth quarter worth about $32,000. Westchester Capital Management Inc. bought a new position in The Home Depot during the fourth quarter worth about $33,000. Bouvel Investment Partners LLC bought a new position in The Home Depot during the fourth quarter worth about $33,000. Winch Advisory Services LLC grew its holdings in The Home Depot by 139.6% during the fourth quarter. Winch Advisory Services LLC now owns 127 shares of the home improvement retailer’s stock worth $34,000 after purchasing an additional 74 shares during the period. Finally, Johnson Midwest Financial LLC bought a new position in The Home Depot during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 68.71% of the company’s stock.
A number of research firms recently commented on HD. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on The Home Depot in a report on Monday, March 15th. They set a “buy” rating and a $288.00 price target for the company. Zelman & Associates cut The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, April 15th. Citigroup started coverage on The Home Depot in a report on Monday, March 15th. They set a “buy” rating and a $288.00 price target for the company. UBS Group raised their price objective on shares of The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, April 20th. Finally, Loop Capital raised their price objective on shares of The Home Depot from $310.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $304.65.
The Home Depot (NYSE:HD) last posted its earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The firm had revenue of $32.26 billion for the quarter, compared to analysts’ expectations of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were issued a $1.65 dividend. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Wednesday, March 10th. This represents a $6.60 annualized dividend and a yield of 2.00%. The Home Depot’s payout ratio is presently 64.39%.
About The Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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