Public Employees Retirement Association of Colorado Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Public Employees Retirement Association of Colorado raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495,530 shares of the home improvement retailer's stock after acquiring an additional 2,279 shares during the quarter. Home Depot makes up 0.8% of Public Employees Retirement Association of Colorado's holdings, making the stock its 26th biggest position. Public Employees Retirement Association of Colorado's holdings in Home Depot were worth $192,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP raised its stake in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the period. Mendel Capital Management LLC increased its stake in shares of Home Depot by 2.5% in the fourth quarter. Mendel Capital Management LLC now owns 3,380 shares of the home improvement retailer's stock worth $1,315,000 after purchasing an additional 81 shares in the last quarter. Whalerock Point Partners LLC raised its position in shares of Home Depot by 5.0% in the fourth quarter. Whalerock Point Partners LLC now owns 16,885 shares of the home improvement retailer's stock valued at $6,568,000 after purchasing an additional 810 shares during the period. Shorepoint Capital Partners LLC lifted its stake in shares of Home Depot by 5.3% during the 4th quarter. Shorepoint Capital Partners LLC now owns 1,734 shares of the home improvement retailer's stock valued at $675,000 after buying an additional 87 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its holdings in Home Depot by 110.8% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 27,218 shares of the home improvement retailer's stock worth $10,588,000 after buying an additional 14,305 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.5 %

Home Depot stock traded down $1.95 during mid-day trading on Thursday, reaching $358.54. 1,832,241 shares of the company traded hands, compared to its average volume of 3,457,924. The firm's 50 day moving average price is $362.01 and its 200 day moving average price is $391.28. 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. The firm has a market capitalization of $356.40 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last announced 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 net margin of 9.45% and a return on equity of 452.60%. 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 previous year, the company earned $2.82 earnings per share. Home Depot's quarterly revenue was up 14.1% on a year-over-year basis. On average, 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. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HD shares. Robert W. Baird dropped their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $434.08.

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.