First Financial Bank Trust Division boosted its position in The Home Depot, Inc. (NYSE:HD) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,872 shares of the home improvement retailer’s stock after buying an additional 250 shares during the period. First Financial Bank Trust Division’s holdings in The Home Depot were worth $1,182,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Amarillo National Bank lifted its holdings in The Home Depot by 2.7% during the fourth quarter. Amarillo National Bank now owns 1,372 shares of the home improvement retailer’s stock valued at $364,000 after purchasing an additional 36 shares in the last quarter. TRUE Private Wealth Advisors lifted its stake in shares of The Home Depot by 0.7% during the 4th quarter. TRUE Private Wealth Advisors now owns 5,035 shares of the home improvement retailer’s stock valued at $1,337,000 after buying an additional 37 shares in the last quarter. Accredited Investors Inc. boosted its holdings in The Home Depot by 0.8% in the 4th quarter. Accredited Investors Inc. now owns 4,889 shares of the home improvement retailer’s stock worth $1,299,000 after buying an additional 37 shares during the period. Bigelow Investment Advisors LLC boosted its holdings in The Home Depot by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 3,914 shares of the home improvement retailer’s stock worth $1,040,000 after buying an additional 37 shares during the period. Finally, Santori & Peters Inc. increased its stake in The Home Depot by 1.2% in the 4th quarter. Santori & Peters Inc. now owns 3,173 shares of the home improvement retailer’s stock worth $853,000 after buying an additional 38 shares in the last quarter. 68.71% of the stock is owned by institutional investors and hedge funds.
HD traded down $1.56 during trading on Thursday, reaching $310.91. The company had a trading volume of 43,101 shares, compared to its average volume of 4,696,611. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The business has a 50 day simple moving average of $280.49 and a 200-day simple moving average of $276.00. The stock has a market cap of $334.73 billion, a P/E ratio of 27.03, a PEG ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a 52 week low of $191.54 and a 52 week high of $315.94.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were paid a $1.65 dividend. The ex-dividend date was Wednesday, March 10th. This represents a $6.60 annualized dividend and a yield of 2.12%. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s dividend payout ratio (DPR) is presently 64.39%.
HD has been the subject of a number of recent analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on The Home Depot in a research note on Monday, March 15th. They issued a “buy” rating and a $288.00 price objective for the company. Guggenheim upgraded The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a research note on Wednesday, January 13th. Zelman & Associates raised shares of The Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 12th. Wells Fargo & Company boosted their target price on shares of The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Finally, Citigroup began coverage on shares of The Home Depot in a research note on Monday, March 15th. They set a “buy” rating and a $288.00 target price for the company. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The Home Depot presently has an average rating of “Buy” and an average price target of $299.32.
The Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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