Ellenbecker Investment Group Increases Stock Position in The Home Depot, Inc. (NYSE:HD)


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Ellenbecker Investment Group lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,044 shares of the home improvement retailer’s stock after buying an additional 51 shares during the quarter. The Home Depot comprises 0.2% of Ellenbecker Investment Group’s investment portfolio, making the stock its 29th biggest position. Ellenbecker Investment Group’s holdings in The Home Depot were worth $624,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Amarillo National Bank boosted its stake in shares of The Home Depot by 2.7% in the 4th quarter. Amarillo National Bank now owns 1,372 shares of the home improvement retailer’s stock valued at $364,000 after buying an additional 36 shares during the period. TRUE Private Wealth Advisors lifted its stake in The Home Depot by 0.7% during the fourth quarter. TRUE Private Wealth Advisors now owns 5,035 shares of the home improvement retailer’s stock worth $1,337,000 after purchasing an additional 37 shares during the last quarter. Accredited Investors Inc. lifted its stake in The Home Depot by 0.8% during the fourth quarter. Accredited Investors Inc. now owns 4,889 shares of the home improvement retailer’s stock worth $1,299,000 after purchasing an additional 37 shares during the last quarter. Bigelow Investment Advisors LLC lifted its stake in The Home Depot by 1.0% during the fourth quarter. Bigelow Investment Advisors LLC now owns 3,914 shares of the home improvement retailer’s stock worth $1,040,000 after purchasing an additional 37 shares during the last quarter. Finally, Santori & Peters Inc. lifted its stake in The Home Depot by 1.2% during the fourth quarter. Santori & Peters Inc. now owns 3,173 shares of the home improvement retailer’s stock worth $853,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 68.71% of the company’s stock.

HD traded up $2.16 during trading on Thursday, reaching $314.63. 114,619 shares of the stock were exchanged, compared to its average volume of 4,696,611. The business’s 50 day moving average price is $280.49 and its two-hundred day moving average price is $276.00. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72. The company has a market capitalization of $338.73 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a 1 year low of $191.54 and a 1 year high of $315.94.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were given a $1.65 dividend. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, March 10th. The Home Depot’s dividend payout ratio is currently 64.39%.

Several research firms have commented on HD. Credit Suisse Group reaffirmed a “buy” rating and set a $319.00 price target on shares of The Home Depot in a research report on Thursday, March 25th. Wells Fargo & Company lifted their price target on The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price target on the stock. Zelman & Associates raised The Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 12th. Finally, Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Wednesday, January 13th. Five research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The Home Depot has an average rating of “Buy” and an average target price of $299.32.

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, 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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