Shikiar Asset Management Inc. Trims Stake in The Home Depot, Inc. (NYSE:HD)

Shikiar Asset Management Inc. lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 26.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 690 shares of the home improvement retailer’s stock after selling 250 shares during the period. Shikiar Asset Management Inc.’s holdings in The Home Depot were worth $211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Flagship Private Wealth LLC purchased a new stake in The Home Depot in the fourth quarter valued at approximately $32,000. Westchester Capital Management Inc. bought a new position in shares of The Home Depot in the 4th quarter worth $33,000. Bouvel Investment Partners LLC purchased a new stake in shares of The Home Depot during the 4th quarter valued at $33,000. Winch Advisory Services LLC lifted its holdings in shares of The Home Depot by 139.6% during the 4th quarter. Winch Advisory Services LLC now owns 127 shares of the home improvement retailer’s stock worth $34,000 after acquiring an additional 74 shares during the last quarter. Finally, Johnson Midwest Financial LLC purchased a new position in The Home Depot in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 68.71% of the company’s stock.

Several equities research analysts have issued reports on HD shares. UBS Group lifted their price target on The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, April 20th. Morgan Stanley upped their target price on The Home Depot from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday. Zelman & Associates cut shares of The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, April 15th. Loop Capital boosted their price objective on shares of The Home Depot from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $319.00 price objective on shares of The Home Depot in a research note on Thursday, March 25th. Five investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The Home Depot presently has an average rating of “Buy” and an average price target of $314.68.

Shares of NYSE HD opened at $320.01 on Tuesday. The firm has a fifty day simple moving average of $321.82 and a two-hundred day simple moving average of $285.21. The Home Depot, Inc. has a 12 month low of $234.31 and a 12 month high of $345.69. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39. The firm has a market capitalization of $344.08 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) 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 period in the prior year, the firm earned $2.28 earnings per share. The Home Depot’s revenue was up 25.1% on a year-over-year basis. On average, sell-side analysts predict that The Home Depot, Inc. will post 11.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Wednesday, March 10th. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s dividend payout ratio (DPR) is presently 64.39%.

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, building materials, 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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