CHURCHILL MANAGEMENT Corp Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

CHURCHILL MANAGEMENT Corp increased its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 86,192 shares of the home improvement retailer’s stock after buying an additional 510 shares during the quarter. Home Depot makes up 0.7% of CHURCHILL MANAGEMENT Corp’s portfolio, making the stock its 16th largest holding. CHURCHILL MANAGEMENT Corp’s holdings in Home Depot were worth $27,224,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HD. First Personal Financial Services boosted its holdings in Home Depot by 81.1% during the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 43 shares in the last quarter. Fairfield Bush & CO. purchased a new position in Home Depot during the first quarter valued at $27,000. Grayhawk Investment Strategies Inc. purchased a new position in Home Depot during the second quarter valued at $28,000. Align Wealth Management LLC purchased a new position in Home Depot during the fourth quarter valued at $30,000. Finally, Bellwether Advisors LLC lifted its holdings in Home Depot by 74.0% during the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 54 shares in the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of HD opened at $288.39 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $347.25. The stock has a market cap of $295.23 billion, a PE ratio of 17.29, a P/E/G ratio of 1.61 and a beta of 0.93. The firm has a 50-day simple moving average of $310.70 and a two-hundred day simple moving average of $303.66. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating the consensus estimate of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The business had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. During the same quarter last year, the firm posted $3.21 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts forecast that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be paid a $2.09 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $8.36 annualized dividend and a dividend yield of 2.90%. Home Depot’s dividend payout ratio (DPR) is presently 50.12%.

Analyst Ratings Changes

Several research firms have issued reports on HD. Robert W. Baird decreased their price objective on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. Roth Mkm decreased their price objective on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. Truist Financial decreased their price objective on shares of Home Depot from $382.00 to $352.00 in a report on Wednesday, February 22nd. Cowen reduced their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Finally, Morgan Stanley reduced their target price on shares of Home Depot from $360.00 to $340.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $331.45.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.