Neo Ivy Capital Management Purchases New Stake in The Home Depot, Inc. (NYSE:HD)

Neo Ivy Capital Management purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,632 shares of the home improvement retailer's stock, valued at approximately $4,135,000. Home Depot makes up 0.8% of Neo Ivy Capital Management's investment portfolio, making the stock its 20th largest holding.

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

Analyst Ratings Changes

Several research firms have recently commented on HD. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday. Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Stock Performance

NYSE HD traded down $2.96 on Monday, reaching $363.17. The stock had a trading volume of 3,114,029 shares, compared to its average volume of 3,431,641. The stock has a market cap of $361.00 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The business's 50-day moving average price is $359.90 and its 200 day moving average price is $387.11. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the company earned $3.63 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm 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 dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. Home Depot's dividend payout ratio (DPR) is 62.42%.

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.