2,706 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,706 shares of the home improvement retailer’s stock, valued at approximately $719,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of The Home Depot during the 4th quarter worth $3,153,816,000. Morgan Stanley lifted its stake in shares of The Home Depot by 10.6% during the 4th quarter. Morgan Stanley now owns 11,028,573 shares of the home improvement retailer’s stock worth $2,929,410,000 after purchasing an additional 1,058,223 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of The Home Depot by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,142,046 shares of the home improvement retailer’s stock worth $1,631,450,000 after purchasing an additional 1,011,984 shares during the period. Alliancebernstein L.P. lifted its stake in shares of The Home Depot by 11.8% during the 4th quarter. Alliancebernstein L.P. now owns 9,402,719 shares of the home improvement retailer’s stock worth $2,497,550,000 after purchasing an additional 991,241 shares during the period. Finally, Flossbach Von Storch AG lifted its stake in shares of The Home Depot by 152.9% during the 4th quarter. Flossbach Von Storch AG now owns 894,230 shares of the home improvement retailer’s stock worth $237,525,000 after purchasing an additional 540,700 shares during the period. Institutional investors and hedge funds own 68.71% of the company’s stock.

NYSE:HD opened at $312.47 on Thursday. The company has a market capitalization of $336.41 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a one year low of $191.54 and a one year high of $315.94. The stock has a 50-day simple moving average of $280.49 and a 200 day simple moving average of $276.00. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.02. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business had revenue of $32.26 billion during the quarter, compared to the consensus estimate of $27.10 billion. During the same period last year, the firm earned $2.28 earnings per share. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.

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

Several research analysts recently weighed in on the company. Citigroup assumed coverage on The Home Depot in a research report on Monday, March 15th. They issued a “buy” rating and a $288.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on The Home Depot in a research report on Monday, March 15th. They issued a “buy” rating and a $288.00 target price on the stock. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Wednesday, January 13th. Wells Fargo & Company increased their price target on The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Finally, Zelman & Associates upgraded The Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 12th. Five equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $299.32.

The Home Depot Company 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.

Read More: S&P/TSX Index

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

Receive News & Ratings for The Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.