Bluestein R H & Co. Increases Position in Home Depot Inc (HD)

Bluestein R H & Co. raised its stake in Home Depot Inc (NYSE:HD) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,678 shares of the home improvement retailer’s stock after buying an additional 14,493 shares during the period. Home Depot comprises approximately 2.5% of Bluestein R H & Co.’s portfolio, making the stock its 17th largest position. Bluestein R H & Co.’s holdings in Home Depot were worth $38,840,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HD. Macquarie Group Ltd. increased its position in shares of Home Depot by 220.9% in the second quarter. Macquarie Group Ltd. now owns 197,176 shares of the home improvement retailer’s stock valued at $25,177,000 after buying an additional 135,726 shares during the period. Telemus Capital LLC boosted its position in shares of Home Depot by 3.7% in the third quarter. Telemus Capital LLC now owns 37,421 shares of the home improvement retailer’s stock valued at $4,815,000 after buying an additional 1,348 shares in the last quarter. Acropolis Investment Management LLC boosted its position in shares of Home Depot by 5.3% in the third quarter. Acropolis Investment Management LLC now owns 6,711 shares of the home improvement retailer’s stock valued at $864,000 after buying an additional 335 shares in the last quarter. Private Asset Management Inc. boosted its position in shares of Home Depot by 0.4% in the third quarter. Private Asset Management Inc. now owns 110,516 shares of the home improvement retailer’s stock valued at $14,221,000 after buying an additional 475 shares in the last quarter. Finally, Hefty Wealth Partners boosted its position in shares of Home Depot by 15,030.9% in the third quarter. Hefty Wealth Partners now owns 8,322 shares of the home improvement retailer’s stock valued at $1,070,000 after buying an additional 8,267 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Shares of Home Depot Inc (NYSE:HD) traded up 0.83% during midday trading on Friday, reaching $149.95. 3,751,700 shares of the company were exchanged. Home Depot Inc has a 52 week low of $119.20 and a 52 week high of $150.15. The firm has a market capitalization of $180.38 billion, a P/E ratio of 23.25 and a beta of 1.09. The firm has a 50-day moving average of $147.32 and a 200 day moving average of $136.43.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 21st. The home improvement retailer reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.11. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the company posted $1.17 EPS. Home Depot’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities research analysts expect that Home Depot Inc will post $7.19 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were given a dividend of $0.89 per share. This is a positive change from Home Depot’s previous quarterly dividend of $0.69. This represents a $3.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Tuesday, March 7th. Home Depot’s dividend payout ratio is currently 44.66%.

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A number of brokerages have weighed in on HD. Credit Suisse Group AG set a $148.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a report on Saturday, February 18th. Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price objective on the stock in a report on Wednesday, March 8th. Telsey Advisory Group upped their price objective on shares of Home Depot from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Citigroup Inc reiterated a “buy” rating on shares of Home Depot in a research note on Wednesday, December 28th. Finally, Royal Bank of Canada increased their price target on shares of Home Depot from $153.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Home Depot currently has an average rating of “Buy” and a consensus target price of $150.23.

Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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