Mariner LLC Has $378.06 Million Position in The Home Depot, Inc. (NYSE:HD)

Mariner LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 971,892 shares of the home improvement retailer’s stock after purchasing an additional 61,593 shares during the period. Home Depot makes up approximately 0.6% of Mariner LLC’s holdings, making the stock its 27th largest position. Mariner LLC owned 0.10% of Home Depot worth $378,060,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Synergy Asset Management LLC acquired a new stake in Home Depot in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot during the fourth quarter valued at about $32,000. Sellwood Investment Partners LLC acquired a new position in Home Depot in the 4th quarter valued at approximately $39,000. Finally, NewSquare Capital LLC lifted its position in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after acquiring an additional 68 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HD shares. Gordon Haskett cut Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $434.08.

Home Depot Stock Performance

Shares of Home Depot stock opened at $353.62 on Monday. The firm has a 50 day simple moving average of $375.29 and a 200 day simple moving average of $395.97. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market cap of $351.51 billion, a P/E ratio of 24.02, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 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 analysts’ expectations of $39.15 billion. During the same period last year, the firm earned $2.82 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date 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%.

About Home Depot

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.