Breed s Hill Capital LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

by · The Cerbat Gem

Breed s Hill Capital LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,571 shares of the home improvement retailer’s stock, valued at approximately $611,000.

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

Home Depot Stock Performance

NYSE:HD opened at $365.95 on Friday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $363.77 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 4.03 and a beta of 1.05. The firm’s fifty day simple moving average is $359.62 and its 200 day simple moving average is $387.46.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS 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 firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.51%. Home Depot’s dividend payout ratio is currently 62.42%.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Check Out Our Latest Research Report on HD

Home Depot Profile

(Free Report)

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.

See Also

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