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

Private Capital Management LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its stake in Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after acquiring an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp lifted its stake in shares of Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares during the period. Wealth Group Ltd. bought a new position in shares of Home Depot in the 3rd quarter worth $217,000. Swedbank AB grew its stake in shares of Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares during the period. Finally, Hedeker Wealth LLC increased its holdings in Home Depot by 0.9% in the third quarter. Hedeker Wealth LLC now owns 4,868 shares of the home improvement retailer’s stock valued at $1,972,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday. Wedbush reissued an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Evercore ISI increased their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Guggenheim reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Stock Down 0.0 %

Shares of HD stock opened at $390.44 on Friday. The firm’s fifty day moving average price is $401.27 and its two-hundred day moving average price is $398.37. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $387.85 billion, a P/E ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 earnings per share. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS 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. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. 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.