Dunhill Financial LLC Has $328,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Dunhill Financial LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 38.7% during the fourth quarter, HoldingsChannel reports. The firm owned 842 shares of the home improvement retailer’s stock after acquiring an additional 235 shares during the quarter. Dunhill Financial LLC’s holdings in Home Depot were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Synergy Asset Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the 4th quarter worth about $28,000. Navigoe LLC bought a new position in Home Depot in the fourth quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at about $32,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of Home Depot stock opened at $359.58 on Wednesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a 50 day moving average price of $359.78 and a two-hundred day moving average price of $389.58. The stock has a market capitalization of $357.43 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.66%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $470.00 to $410.00 and set an “overweight” rating on the stock in a research note on Tuesday. Gordon Haskett lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada reduced their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $430.12.

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.