State of Wyoming Has $259,000 Position in The Home Depot, Inc. (NYSE:HD)

State of Wyoming lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 29.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 666 shares of the home improvement retailer’s stock after acquiring an additional 150 shares during the period. State of Wyoming’s holdings in Home Depot were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HD. Wealth Group Ltd. increased its stake in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after purchasing an additional 27 shares in the last quarter. Tallon Kerry Patrick bought a new stake in Home Depot during the 4th quarter valued at $281,000. Capital & Planning LLC increased its stake in Home Depot by 110.2% during the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock valued at $418,000 after purchasing an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. increased its stake in Home Depot by 0.7% during the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock valued at $1,765,000 after purchasing an additional 32 shares in the last quarter. Finally, Proquility Private Wealth Partners LLC increased its stake in Home Depot by 2.3% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 4,064 shares of the home improvement retailer’s stock valued at $1,581,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Robert W. Baird decreased their price target on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Price Performance

HD opened at $363.17 on Friday. The firm has a market cap of $361.00 billion, a P/E ratio of 24.67, a PEG ratio of 4.03 and a beta of 1.05. The firm has a 50-day moving average of $359.90 and a 200 day moving average of $387.20. 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 fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the prior year, the business earned $3.63 EPS. Home Depot’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. Home Depot’s dividend payout ratio is 62.42%.

Home Depot Profile

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.