CHURCHILL MANAGEMENT Corp Purchases 510 Shares of The Home Depot, Inc. (NYSE:HD)

CHURCHILL MANAGEMENT Corp lifted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,192 shares of the home improvement retailer’s stock after acquiring an additional 510 shares during the period. Home Depot makes up approximately 0.7% of CHURCHILL MANAGEMENT Corp’s portfolio, making the stock its 16th largest position. CHURCHILL MANAGEMENT Corp’s holdings in Home Depot were worth $27,224,000 at the end of the most recent quarter.

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

Home Depot Stock Performance

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

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results 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 net margin of 10.87% and a return on equity of 4,929.40%. The company had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. During the same period in the previous year, the firm posted $3.21 EPS. Home Depot’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts anticipate that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.

Home Depot Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HD. Wedbush raised their target price on shares of Home Depot from $280.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Barclays dropped their target price on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Cowen dropped their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Roth Mkm dropped their target price on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. Finally, StockNews.com started coverage on shares of Home Depot in a research note on Thursday. They set a “hold” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot 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.