The Home Depot, Inc. (NYSE:HD) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lowered its position in The Home Depot, Inc. (NYSE:HD) by 11.0% in the fourth quarter, HoldingsChannel reports. The fund owned 11,589 shares of the home improvement retailer’s stock after selling 1,437 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Home Depot were worth $4,508,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the 3rd quarter valued at about $41,000. Finally, Marshall Investment Management LLC acquired a new stake in Home Depot in the 4th quarter worth about $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.3 %

Shares of NYSE HD opened at $362.01 on Thursday. 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 business’s 50 day moving average is $391.94 and its two-hundred day moving average is $398.90. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a market cap of $359.61 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 4.03 and a beta of 1.09.

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

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.66%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HD shares. Wells Fargo & Company raised their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Guggenheim reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird cut their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $435.85.

Home Depot Profile

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.