Teza Capital Management LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Teza Capital Management LLC bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,189 shares of the home improvement retailer's stock, valued at approximately $851,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the fourth quarter worth $28,000. Navigoe LLC acquired a new position in Home Depot during the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot during the fourth quarter worth $32,000. Finally, Quarry LP raised its stake in Home Depot by 220.0% during the fourth 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.

Home Depot Trading Down 1.7%

HD traded down $6.34 during midday trading on Wednesday, reaching $370.71. 3,965,127 shares of the company were exchanged, compared to its average volume of 3,436,752. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $368.50 billion, a P/E ratio of 25.18, a PEG ratio of 4.03 and a beta of 1.05. The stock's 50-day simple moving average is $359.38 and its 200 day simple moving average is $387.66.

Home Depot (NYSE:HD - Get Free Report) last issued its 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 return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the business posted $3.63 EPS. Home Depot's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday. Wedbush reiterated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $427.92.

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.