Koshinski Asset Management Inc. Boosts Stake in The Home Depot, Inc. (NYSE:HD)


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Koshinski Asset Management Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,043 shares of the home improvement retailer’s stock after purchasing an additional 137 shares during the quarter. Koshinski Asset Management Inc.’s holdings in The Home Depot were worth $2,402,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Amarillo National Bank lifted its position in The Home Depot by 2.7% in the 4th quarter. Amarillo National Bank now owns 1,372 shares of the home improvement retailer’s stock valued at $364,000 after acquiring an additional 36 shares in the last quarter. TRUE Private Wealth Advisors lifted its position in The Home Depot by 0.7% in 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 acquiring an additional 37 shares in the last quarter. Accredited Investors Inc. lifted its position 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 valued at $1,299,000 after acquiring an additional 37 shares in the last quarter. Bigelow Investment Advisors LLC lifted its position 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 valued at $1,040,000 after acquiring an additional 37 shares in the last quarter. Finally, Santori & Peters Inc. lifted its position 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 valued at $853,000 after acquiring an additional 38 shares in the last quarter. 68.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HD opened at $312.47 on Thursday. The company’s 50 day moving average price is $280.49 and its two-hundred day moving average price is $276.00. The Home Depot, Inc. has a 12-month low of $191.54 and a 12-month high of $315.94. The firm has a market cap of $336.41 billion, a PE ratio of 27.03, a PEG ratio of 2.13 and a beta of 1.03. 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 Home Depot (NYSE:HD) last issued its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.02. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company had revenue of $32.26 billion during the quarter, compared to the consensus estimate of $27.10 billion. During the same quarter in the prior year, the firm posted $2.28 EPS. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 11.76 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Wednesday, March 10th. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s dividend payout ratio is 64.39%.

Several brokerages have commented on HD. Wells Fargo & Company boosted their price target on shares of The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price target on the stock. Credit Suisse Group reissued a “buy” rating and set a $319.00 price target on shares of The Home Depot in a research report on Thursday, March 25th. Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target on the stock in a research report on Wednesday, January 13th. Finally, Zelman & Associates raised shares of The Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Five research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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