Note Advisors LLC Acquires New Position in The Home Depot, Inc. (NYSE:HD)

Note Advisors LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 878 shares of the home improvement retailer's stock, valued at approximately $342,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Ames National Corp bought a new position in Home Depot in the fourth quarter valued at approximately $3,335,000. Glen Eagle Advisors LLC lifted its holdings in shares of Home Depot by 2.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 8,865 shares of the home improvement retailer's stock worth $3,448,000 after purchasing an additional 171 shares during the period. White Knight Strategic Wealth Advisors LLC lifted its holdings in shares of Home Depot by 95.2% during the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 4,852 shares of the home improvement retailer's stock worth $1,887,000 after purchasing an additional 2,366 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in shares of Home Depot during the fourth quarter worth $86,000. Finally, Lantern Wealth Advisors LLC lifted its holdings in shares of Home Depot by 1.7% during the fourth quarter. Lantern Wealth Advisors LLC now owns 3,995 shares of the home improvement retailer's stock worth $1,554,000 after purchasing an additional 67 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $376.84 on Wednesday. The company's 50 day simple moving average is $358.99 and its two-hundred day simple moving average is $387.78. The stock has a market capitalization of $374.59 billion, a PE ratio of 25.60, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year 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.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.63 EPS. 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. DA Davidson cut their price target on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday. Morgan Stanley boosted their target price on shares of Home Depot from $410.00 to $415.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $470.00 to $410.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $424.60.

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.

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