Triglav Skladi D.O.O. Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Triglav Skladi D.O.O. acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 44,010 shares of the home improvement retailer's stock, valued at approximately $17,119,000. Home Depot makes up about 1.3% of Triglav Skladi D.O.O.'s holdings, making the stock its 20th largest holding.

Other large investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the fourth quarter worth about $28,000. Navigoe LLC purchased a new stake in Home Depot during the fourth quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter worth about $32,000. Finally, Quarry LP increased its holdings 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 buying an additional 66 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on HD shares. TD Securities restated a "buy" rating and set a $470.00 price objective on shares of Home Depot in a report on Wednesday. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and raised their price objective for the stock from $405.00 to $425.00 in a report on Wednesday. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday. Finally, Mizuho decreased their price objective on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $427.92.

Home Depot Price Performance

HD stock traded down $6.34 during midday trading on Wednesday, reaching $370.71. The company had a trading volume of 3,965,127 shares, compared to its average volume of 3,436,752. The firm has a 50-day moving average price of $358.99 and a 200-day moving average price of $387.78. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market capitalization of $368.50 billion, a P/E ratio of 25.18, 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.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 earnings per share. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.48%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is currently 61.66%.

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.