Napa Wealth Management Raises Stock Position in The Home Depot, Inc. (NYSE:HD)

Napa Wealth Management lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 937.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,397 shares of the home improvement retailer's stock after purchasing an additional 4,877 shares during the period. Home Depot comprises 0.9% of Napa Wealth Management's investment portfolio, making the stock its 25th biggest position. Napa Wealth Management's holdings in Home Depot were worth $2,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after acquiring an additional 875,836 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Home Depot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after buying an additional 257,036 shares during the period. Norges Bank acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $5,032,910,000. Capital Research Global Investors raised its position in shares of Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after buying an additional 647,552 shares during the period. Finally, Northern Trust Corp lifted its holdings in Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after acquiring an additional 1,424,857 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE:HD traded up $6.32 during midday trading on Thursday, reaching $379.13. The stock had a trading volume of 2,828,257 shares, compared to its average volume of 3,421,840. 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 stock has a market cap of $376.87 billion, a P/E ratio of 25.76, a P/E/G ratio of 4.03 and a beta of 1.05. The firm has a fifty day simple moving average of $357.77 and a two-hundred day simple moving average of $388.29. 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 issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the previous year, the business posted $2.82 earnings per share. The business's revenue was up 14.1% compared to the same quarter last year. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed 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. This represents a $9.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Thursday, March 13th. 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%.

Analyst Ratings Changes

Several brokerages recently issued reports on HD. JPMorgan Chase & Co. reduced their price objective 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. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.32.

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.