Mackenzie Financial Corp Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Mackenzie Financial Corp boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 643,284 shares of the home improvement retailer's stock after acquiring an additional 32,275 shares during the quarter. Mackenzie Financial Corp owned 0.06% of Home Depot worth $250,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter valued at about $28,000. Navigoe LLC purchased a new position in shares of Home Depot during the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the 4th quarter worth approximately $32,000. Finally, Quarry LP lifted its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

Home Depot Stock Up 2.0%

Home Depot stock traded up $7.25 on Tuesday, hitting $369.96. 3,992,800 shares of the stock traded hands, compared to its average volume of 3,433,908. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a market cap of $367.75 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 business's fifty day simple moving average is $360.09 and its 200 day simple moving average is $386.81.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. The company's revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $3.63 earnings per share. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HD shares. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, May 20th. Gordon Haskett boosted their price target on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot 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.