D.B. Root & Company LLC Has $2 Million Position in The Home Depot, Inc. (NYSE:HD)

D.B. Root & Company LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,549 shares of the home improvement retailer’s stock after acquiring an additional 160 shares during the quarter. The Home Depot accounts for about 0.8% of D.B. Root & Company LLC’s holdings, making the stock its 24th biggest position. D.B. Root & Company LLC’s holdings in The Home Depot were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Wealth Enhancement & Preservation of GA LLC boosted its holdings in The Home Depot by 0.7% during the 1st quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,577 shares of the home improvement retailer’s stock valued at $1,466,000 after acquiring an additional 31 shares during the period. Bingham Osborn & Scarborough LLC boosted its holdings in The Home Depot by 2.0% during the 1st quarter. Bingham Osborn & Scarborough LLC now owns 1,568 shares of the home improvement retailer’s stock valued at $479,000 after acquiring an additional 31 shares during the period. Baldwin Brothers Inc. MA boosted its holdings in The Home Depot by 1.7% during the 1st quarter. Baldwin Brothers Inc. MA now owns 1,892 shares of the home improvement retailer’s stock valued at $578,000 after acquiring an additional 32 shares during the period. CHICAGO TRUST Co NA boosted its holdings in The Home Depot by 0.7% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,613 shares of the home improvement retailer’s stock valued at $1,408,000 after acquiring an additional 32 shares during the period. Finally, Detalus Advisors LLC lifted its holdings in shares of The Home Depot by 2.0% in the 1st quarter. Detalus Advisors LLC now owns 1,749 shares of the home improvement retailer’s stock worth $534,000 after buying an additional 34 shares during the period. 68.71% of the stock is owned by institutional investors and hedge funds.

The Home Depot stock opened at $323.63 on Friday. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The business’s 50-day simple moving average is $320.50 and its two-hundred day simple moving average is $284.44. The company has a market cap of $347.97 billion, a PE ratio of 28.00, a PEG ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a fifty-two week low of $232.70 and a fifty-two week high of $345.69.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.02. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business had revenue of $32.26 billion for the quarter, compared to the consensus estimate of $27.10 billion. During the same quarter in the previous year, the business earned $2.28 EPS. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were paid a $1.65 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.04%. The Home Depot’s dividend payout ratio is presently 64.39%.

HD has been the subject of several research reports. Wells Fargo & Company upped their target price on The Home Depot from $330.00 to $360.00 in a report on Wednesday, May 5th. Morgan Stanley upped their target price on The Home Depot from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on The Home Depot from $288.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, May 10th. Loop Capital upped their target price on The Home Depot from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Finally, Zelman & Associates cut The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, April 15th. Five equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $314.68.

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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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