Arizona State Retirement System Acquires 4,366 Shares of The Home Depot, Inc. (NYSE:HD)

Arizona State Retirement System boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,685 shares of the home improvement retailer’s stock after buying an additional 4,366 shares during the quarter. Home Depot comprises 0.7% of Arizona State Retirement System’s portfolio, making the stock its 20th biggest holding. Arizona State Retirement System’s holdings in Home Depot were worth $112,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Verdence Capital Advisors LLC raised its holdings in Home Depot by 0.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 18,710 shares of the home improvement retailer’s stock worth $7,278,000 after acquiring an additional 51 shares during the period. Proficio Capital Partners LLC boosted its stake in Home Depot by 11.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer’s stock valued at $4,102,000 after purchasing an additional 1,055 shares during the period. Assetmark Inc. grew its holdings in Home Depot by 28.4% in the 4th quarter. Assetmark Inc. now owns 47,945 shares of the home improvement retailer’s stock valued at $18,650,000 after buying an additional 10,594 shares during the last quarter. NewSquare Capital LLC increased its position in Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after buying an additional 68 shares during the period. Finally, J.Safra Asset Management Corp increased its position in Home Depot by 72.6% in the 4th quarter. J.Safra Asset Management Corp now owns 1,883 shares of the home improvement retailer’s stock worth $733,000 after buying an additional 792 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 2.1 %

NYSE:HD opened at $381.55 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a market cap of $379.02 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business has a 50 day moving average price of $401.00 and a two-hundred day moving average price of $399.71.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.41%. Home Depot’s payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Stifel Nicolaus raised their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Wedbush restated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Mizuho upped their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.