Los Angeles Capital Management LLC Buys 191,689 Shares of The Home Depot, Inc. (NYSE:HD)

Los Angeles Capital Management LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 106.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 372,316 shares of the home improvement retailer’s stock after buying an additional 191,689 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Home Depot were worth $129,026,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HD. Northern Trust Corp raised its stake in Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after buying an additional 153,141 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after purchasing an additional 195,670 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after purchasing an additional 5,525,791 shares in the last quarter. Jennison Associates LLC boosted its stake in Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after purchasing an additional 1,207,388 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Home Depot by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after purchasing an additional 346,641 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock traded up $2.15 during trading on Thursday, hitting $334.12. The stock had a trading volume of 1,114,401 shares, compared to its average volume of 3,315,222. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company’s 50-day moving average price is $363.04 and its two-hundred day moving average price is $341.81. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The stock has a market capitalization of $331.12 billion, a P/E ratio of 22.05, a PEG ratio of 2.23 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period in the previous year, the company posted $3.30 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is 59.60%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America boosted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. Finally, TD Cowen raised their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Company 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.