MADDEN SECURITIES Corp Has $491,000 Stake in The Home Depot, Inc. (NYSE:HD)

MADDEN SECURITIES Corp lowered its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 10.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,553 shares of the home improvement retailer’s stock after selling 176 shares during the period. MADDEN SECURITIES Corp’s holdings in Home Depot were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BCK Partners Inc. bought a new stake in Home Depot during the 1st quarter valued at $2,933,000. Fairfield Bush & CO. bought a new stake in Home Depot during the 1st quarter valued at $27,000. Ergoteles LLC bought a new stake in Home Depot during the 1st quarter valued at $1,554,000. Equitable Holdings Inc. increased its stake in Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Home Depot by 3.2% during the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $288.39 on Friday. The stock has a fifty day moving average of $310.70 and a 200 day moving average of $303.66. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25. The firm has a market capitalization of $292.70 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.61 and a beta of 0.93. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The company 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 firm’s revenue was up .3% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current year.

Home Depot Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HD. 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 note on Wednesday, February 22nd. UBS Group reduced their target price on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 22nd. Telsey Advisory Group reduced their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research note 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 note on Wednesday, February 22nd. Finally, Credit Suisse Group reduced their target price on shares of Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $331.45.

Home Depot Company Profile

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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.