LifeSteps Financial Inc. lowered its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,465 shares of the home improvement retailer’s stock after selling 177 shares during the period. Home Depot comprises 1.3% of LifeSteps Financial Inc.’s holdings, making the stock its 20th biggest holding. LifeSteps Financial Inc.’s holdings in Home Depot were worth $1,853,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Core Alternative Capital purchased a new position in shares of Home Depot in the third quarter worth approximately $29,000. Strategic Asset Management LLC purchased a new position in shares of Home Depot in the third quarter worth approximately $41,000. Macroview Investment Management LLC increased its position in shares of Home Depot by 83.3% in the fourth quarter. Macroview Investment Management LLC now owns 110 shares of the home improvement retailer’s stock worth $46,000 after acquiring an additional 50 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot in the fourth quarter worth approximately $75,000. Finally, Activest Wealth Management increased its position in shares of Home Depot by 91.0% in the fourth quarter. Activest Wealth Management now owns 191 shares of the home improvement retailer’s stock worth $79,000 after acquiring an additional 91 shares in the last quarter. 69.52% of the stock is currently owned by institutional investors.
In other news, EVP Hector A. Padilla sold 504 shares of the business’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $309.80, for a total value of $156,139.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Home Depot from $420.00 to $380.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 23rd. Citigroup dropped their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. The Goldman Sachs Group decreased their price target on shares of Home Depot from $413.00 to $402.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. OTR Global upgraded shares of Home Depot from a “mixed” rating to a “positive” rating in a report on Tuesday, February 15th. Finally, Gordon Haskett decreased their price target on shares of Home Depot from $385.00 to $355.00 and set a “buy” rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $392.83.
Shares of Home Depot stock opened at $317.71 on Wednesday. The firm has a fifty day simple moving average of $338.18 and a 200-day simple moving average of $362.38. The company has a current ratio of 1.01, a quick ratio of 0.24 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 1-year low of $298.40 and a 1-year high of $420.61. The stock has a market capitalization of $328.31 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.01 and a beta of 1.06.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.01. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The business had revenue of $35.72 billion during the quarter, compared to analysts’ expectations of $34.85 billion. During the same period in the previous year, the company earned $2.74 earnings per share. Home Depot’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 16.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. Home Depot’s payout ratio is presently 48.97%.
Home Depot Company Profile (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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