Envestnet Asset Management Inc. Purchases 2,508 Shares of The Home Depot, Inc. (NYSE:HD)

Envestnet Asset Management Inc. increased its position in The Home Depot, Inc. (NYSE:HD) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,601,197 shares of the home improvement retailer’s stock after purchasing an additional 2,508 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Home Depot were worth $1,011,840,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. K.J. Harrison & Partners Inc boosted its holdings in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after buying an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock worth $9,242,000 after acquiring an additional 3,873 shares during the last quarter. Pensionfund Sabic boosted its holdings in shares of Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after acquiring an additional 3,800 shares during the period. Wedmont Private Capital grew its position in shares of Home Depot by 12.5% in the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock valued at $5,291,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Johnson & White Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $1,793,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Royal Bank of Canada lowered their target price on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Finally, KGI Securities upgraded Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

Home Depot Price Performance

Shares of HD opened at $353.78 on Friday. The business has a 50-day simple moving average of $384.89 and a two-hundred day simple moving average of $398.15. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market cap of $351.67 billion, a PE ratio of 24.03, a PEG ratio of 4.03 and a beta of 1.08. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. Home Depot’s payout ratio is currently 61.66%.

Home Depot 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.