The Home Depot, Inc. (NYSE:HD) Stock Holdings Increased by CWA Asset Management Group LLC

CWA Asset Management Group LLC lifted its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,918 shares of the home improvement retailer’s stock after acquiring an additional 534 shares during the quarter. CWA Asset Management Group LLC’s holdings in Home Depot were worth $3,448,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Personal Financial Services lifted its position in shares of Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. Fairfield Bush & CO. bought a new position in Home Depot during the first quarter valued at approximately $27,000. Grayhawk Investment Strategies Inc. bought a new position in Home Depot during the second quarter valued at approximately $28,000. Align Wealth Management LLC bought a new position in Home Depot during the fourth quarter valued at approximately $30,000. Finally, Bellwether Advisors LLC raised its position in Home Depot by 74.0% during the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 54 shares in the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.6 %

Shares of NYSE HD opened at $288.39 on Friday. The stock has a market cap of $295.23 billion, a PE ratio of 17.29, a PEG ratio of 1.61 and a beta of 0.93. The business has a fifty day moving average of $310.70 and a two-hundred day moving average of $303.66. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $347.25. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The company had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. During the same period last year, the business earned $3.21 earnings per share. The business’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be issued a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s payout ratio is currently 50.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. Bank of America cut their price objective on shares of Home Depot from $360.00 to $346.00 in a research report on Wednesday, February 22nd. Oppenheimer cut their price objective on shares of Home Depot from $470.00 to $400.00 and set an “outperform” rating on the stock in a research report on Friday, February 17th. Barclays cut their price objective on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 22nd. Finally, Telsey Advisory Group lowered their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.45.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.