Tidemark LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Tidemark LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, Holdings Channel.com reports. The firm purchased 393 shares of the home improvement retailer’s stock, valued at approximately $136,000.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares during the period. Norges Bank purchased a new stake in Home Depot during the fourth quarter valued at approximately $4,311,070,000. Northern Trust Corp raised its position in Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after acquiring an additional 153,141 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after acquiring an additional 195,670 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Home Depot from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Truist Financial decreased their target price on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. TD Cowen lowered their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Citigroup reduced their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $377.46.

Home Depot Trading Down 0.8 %

Shares of Home Depot stock traded down $2.77 during trading on Thursday, hitting $327.82. The stock had a trading volume of 930,349 shares, compared to its average volume of 3,370,239. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The firm’s fifty day simple moving average is $352.48 and its 200-day simple moving average is $347.49. The stock has a market cap of $325.07 billion, a PE ratio of 22.00, a PEG ratio of 2.32 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.82 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.31 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

About Home Depot

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.