New England Asset Management Inc. Has $4.11 Million Position in The Home Depot, Inc. (NYSE:HD)

New England Asset Management Inc. lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,564 shares of the home improvement retailer's stock after selling 1,500 shares during the quarter. New England Asset Management Inc.'s holdings in Home Depot were worth $4,109,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the 4th quarter worth $28,000. Navigoe LLC purchased a new position in shares of Home Depot in the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the fourth quarter valued at $32,000. Finally, Quarry LP increased 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 during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. Robert W. Baird reduced their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $430.32.

Home Depot Price Performance

Shares of 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 firm's 50 day moving average price is $357.77 and its 200-day moving average price is $388.29. The company has a market capitalization 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week 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 posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. On average, analysts forecast 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 dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's payout ratio is 61.66%.

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.