The Home Depot, Inc. (NYSE:HD) Stock Holdings Raised by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,155 shares of the home improvement retailer’s stock after purchasing an additional 249 shares during the period. Home Depot comprises about 0.6% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 22nd biggest holding. Oregon Public Employees Retirement Fund’s holdings in Home Depot were worth $33,124,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HD shares. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the stock from $356.00 to $410.00 in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $437.12.

Home Depot Stock Performance

HD opened at $393.52 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 firm has a market cap of $390.90 billion, a PE ratio of 26.73, a P/E/G ratio of 4.03 and a beta of 1.05. The business has a fifty day simple moving average of $401.23 and a 200-day simple moving average of $398.48. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly 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. The business had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. During the same quarter last year, the company posted $2.82 EPS. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.34%. Home Depot’s payout ratio is 61.14%.

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.