WINTON GROUP Ltd boosted its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 493.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,845 shares of the home improvement retailer’s stock after buying an additional 33,964 shares during the period. WINTON GROUP Ltd’s holdings in Home Depot were worth $14,055,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC increased its position in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the period. Financially Speaking Inc acquired a new position in Home Depot during the third quarter worth approximately $31,000. Key Capital Management INC acquired a new position in Home Depot during the fourth quarter worth approximately $28,000. Imprint Wealth LLC acquired a new position in Home Depot during the third quarter worth approximately $34,000. Finally, Navalign LLC acquired a new position in Home Depot during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Trading Up 0.3%
NYSE:HD opened at $310.73 on Friday. The firm has a market cap of $309.83 billion, a P/E ratio of 22.07, a PEG ratio of 3.58 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock’s 50 day simple moving average is $322.95 and its 200-day simple moving average is $347.74. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.
Home Depot Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.
Analyst Ratings Changes
Several research firms have commented on HD. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Robert W. Baird cut their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. dropped their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Mizuho dropped their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.36.
Get Our Latest Stock Report on HD
Home Depot Company Profile
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
See Also
- Five stocks we like better than Home Depot
- MarketBeat Week in Review – 06/01 – 06/05
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
