Koshinski Asset Management Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,043 shares of the home improvement retailer’s stock after purchasing an additional 137 shares during the quarter. Koshinski Asset Management Inc.’s holdings in The Home Depot were worth $2,402,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Flagship Private Wealth LLC acquired a new position in shares of The Home Depot during the fourth quarter valued at about $32,000. Westchester Capital Management Inc. acquired a new position in shares of The Home Depot during the fourth quarter valued at about $33,000. Bouvel Investment Partners LLC acquired a new position in shares of The Home Depot during the fourth quarter valued at about $33,000. Claudia M.P. Batlle CRP R LLC acquired a new position in shares of The Home Depot during the third quarter valued at about $34,000. Finally, Winch Advisory Services LLC grew its holdings in shares of The Home Depot by 139.6% during the fourth quarter. Winch Advisory Services LLC now owns 127 shares of the home improvement retailer’s stock valued at $34,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 68.71% of the company’s stock.
HD has been the subject of a number of analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of The Home Depot in a report on Monday, March 15th. They set a “buy” rating and a $288.00 price objective for the company. Zelman & Associates raised shares of The Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Citigroup initiated coverage on shares of 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. Credit Suisse Group reissued a “buy” rating and set a $319.00 price target on shares of The Home Depot in a research report on Thursday, March 25th. Finally, Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target on the stock in a research report on Wednesday, January 13th. Five research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $299.32.
The Home Depot (NYSE:HD) last posted its earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.02. The firm had revenue of $32.26 billion during the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were paid a dividend of $1.65 per share. The ex-dividend date of this dividend was Wednesday, March 10th. This represents a $6.60 annualized dividend and a yield of 2.11%. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s payout ratio is currently 64.39%.
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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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