Mizuho Bank Ltd. Invests $101,000 in The Home Depot, Inc. (NYSE:HD)

Mizuho Bank Ltd. purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 260 shares of the home improvement retailer’s stock, valued at approximately $101,000. Home Depot comprises 0.0% of Mizuho Bank Ltd.’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in shares of Home Depot by 10.7% in the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock valued at $596,140,000 after acquiring an additional 141,915 shares in the last quarter. United Bank lifted its holdings in Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock valued at $1,806,000 after purchasing an additional 181 shares in the last quarter. Morse Asset Management Inc lifted its holdings in Home Depot by 12.9% in the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer’s stock valued at $12,357,000 after purchasing an additional 3,493 shares in the last quarter. Temasek Holdings Private Ltd boosted its stake in Home Depot by 24.2% during the 3rd quarter. Temasek Holdings Private Ltd now owns 114,449 shares of the home improvement retailer’s stock worth $46,375,000 after purchasing an additional 22,320 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Home Depot during the third quarter worth $30,714,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and upped their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Stock Performance

Shares of Home Depot stock opened at $353.78 on Friday. The stock has a market capitalization of $351.67 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business has a 50-day moving average of $384.89 and a 200 day moving average of $398.15. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate 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 net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

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.