Pegasus Asset Management Inc. Boosts Position in The Home Depot, Inc. (NYSE:HD)

Pegasus Asset Management Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,700 shares of the home improvement retailer’s stock after buying an additional 45 shares during the period. Pegasus Asset Management Inc.’s holdings in Home Depot were worth $1,803,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HD. Capital Research Global Investors boosted its position in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock valued at $4,540,197,000 after purchasing an additional 347,614 shares in the last quarter. Norges Bank bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $4,311,070,000. Fisher Asset Management LLC boosted its position in shares of Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after purchasing an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Home Depot by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after purchasing an additional 82,672 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company dropped their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Read Our Latest Research Report on Home Depot

Home Depot Stock Performance

Shares of HD opened at $336.99 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The business has a 50-day simple moving average of $338.58 and a two-hundred day simple moving average of $352.07. The stock has a market cap of $334.16 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.35 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.82 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Home Depot Company Profile

(Free Report)

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 d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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