The Home Depot, Inc. (NYSE:HD) is Providence Capital Advisors LLC’s 10th Largest Position

Providence Capital Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,843 shares of the home improvement retailer’s stock after buying an additional 269 shares during the period. Home Depot comprises about 1.7% of Providence Capital Advisors LLC’s holdings, making the stock its 10th largest position. Providence Capital Advisors LLC’s holdings in Home Depot were worth $8,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Synergy Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the fourth quarter worth approximately $32,000. Sellwood Investment Partners LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $39,000. Finally, NewSquare Capital LLC grew its stake in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Wells Fargo & Company boosted their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $435.85.

Home Depot Stock Up 0.2 %

NYSE:HD opened at $362.96 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $360.55 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a 50-day simple moving average of $391.01 and a 200 day simple moving average of $398.65.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid 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 was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.53%. Home Depot’s payout ratio is presently 61.66%.

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.