The Home Depot, Inc. (NYSE:HD) Stock Holdings Increased by Elgethun Capital Management

Elgethun Capital Management lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 5.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,899 shares of the home improvement retailer’s stock after purchasing an additional 149 shares during the quarter. Elgethun Capital Management’s holdings in Home Depot were worth $1,128,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HD. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot during the fourth quarter worth about $32,000. Sellwood Investment Partners LLC bought a new stake in Home Depot in the fourth quarter worth about $39,000. Finally, NewSquare Capital LLC lifted its holdings in Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $353.78 on Monday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market capitalization of $351.67 billion, a PE ratio of 24.03, a P/E/G ratio of 4.03 and a beta of 1.08. The stock has a 50-day simple moving average of $384.89 and a 200 day simple moving average of $398.35. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.60%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Gordon Haskett downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Ten investment 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 has a consensus rating of “Moderate Buy” and an average price target of $435.85.

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.