Private Capital Management LLC Has $1.23 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Private Capital Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,038 shares of the home improvement retailer’s stock after selling 28 shares during the quarter. Private Capital Management LLC’s holdings in Home Depot were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Bouchey Financial Group Ltd boosted its stake in shares of Home Depot by 27.5% during the 4th quarter. Bouchey Financial Group Ltd now owns 1,978 shares of the home improvement retailer’s stock worth $770,000 after acquiring an additional 427 shares during the period. Sentinel Trust Co. LBA raised its stake in Home Depot by 18.6% in the 4th quarter. Sentinel Trust Co. LBA now owns 3,203 shares of the home improvement retailer’s stock valued at $1,246,000 after acquiring an additional 503 shares during the period. Verus Capital Partners LLC lifted its holdings in Home Depot by 6.4% during the 4th quarter. Verus Capital Partners LLC now owns 6,514 shares of the home improvement retailer’s stock valued at $2,534,000 after purchasing an additional 393 shares during the last quarter. Fusion Capital LLC boosted its position in Home Depot by 2.6% during the fourth quarter. Fusion Capital LLC now owns 20,007 shares of the home improvement retailer’s stock worth $7,783,000 after purchasing an additional 511 shares during the period. Finally, Fort Sheridan Advisors LLC increased its holdings in shares of Home Depot by 2.9% in the fourth quarter. Fort Sheridan Advisors LLC now owns 7,173 shares of the home improvement retailer’s stock valued at $2,790,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HD shares. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $356.00 to $410.00 in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Price Performance

Home Depot stock opened at $390.44 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market capitalization of $387.85 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The stock has a fifty day moving average of $401.27 and a 200-day moving average of $398.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.36%. Home Depot’s dividend payout ratio is presently 61.66%.

Home Depot Company Profile

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.