62,100 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,100 shares of the home improvement retailer's stock, valued at approximately $24,156,000.

A number of other institutional investors also recently bought and sold shares of HD. Wealth Group Ltd. lifted its holdings in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after acquiring an additional 27 shares during the period. Tallon Kerry Patrick purchased a new stake in Home Depot in the fourth quarter worth about $281,000. Capital & Planning LLC increased its position in Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock worth $418,000 after buying an additional 563 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Home Depot in the fourth quarter worth about $634,000. Finally, Stillwater Capital Advisors LLC increased its position in Home Depot by 1.0% in the fourth quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer's stock worth $19,760,000 after buying an additional 497 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on HD. Robert W. Baird reduced their price target on Home Depot from $430.00 to $425.00 and set an "outperform" rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price target on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Wedbush restated an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Royal Bank of Canada reduced their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Finally, KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Eight 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

NYSE HD traded down $2.96 during trading on Friday, hitting $363.17. 3,114,029 shares of the stock traded hands, compared to its average volume of 3,428,862. The company has a market capitalization 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 firm has a 50-day simple moving average of $359.90 and a 200-day simple moving average of $387.20. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.63 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is 62.42%.

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.