ProShare Advisors LLC Acquires 92,241 Shares of The Home Depot, Inc. (NYSE:HD)

ProShare Advisors LLC grew its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 445,769 shares of the home improvement retailer’s stock after acquiring an additional 92,241 shares during the quarter. ProShare Advisors LLC’s holdings in Home Depot were worth $184,999,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HD. Camden National Bank raised its stake in Home Depot by 9.7% in the fourth quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock valued at $681,000 after purchasing an additional 226 shares in the last quarter. Morgan Stanley raised its stake in Home Depot by 1.4% in the second quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock valued at $3,669,058,000 after purchasing an additional 162,299 shares in the last quarter. Keudell Morrison Wealth Management raised its stake in Home Depot by 0.5% in the third quarter. Keudell Morrison Wealth Management now owns 9,467 shares of the home improvement retailer’s stock valued at $3,108,000 after purchasing an additional 46 shares in the last quarter. Center for Financial Planning Inc. raised its stake in Home Depot by 25.1% in the third quarter. Center for Financial Planning Inc. now owns 3,198 shares of the home improvement retailer’s stock valued at $1,050,000 after purchasing an additional 642 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its stake in Home Depot by 36.7% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 40,134 shares of the home improvement retailer’s stock valued at $13,174,000 after purchasing an additional 10,765 shares in the last quarter. 69.52% of the stock is owned by institutional investors.

Shares of HD stock opened at $304.94 on Tuesday. The business’s 50 day simple moving average is $317.67 and its 200 day simple moving average is $358.78. The Home Depot, Inc. has a one year low of $293.59 and a one year high of $420.61. The stock has a market capitalization of $315.11 billion, a PE ratio of 19.65, a PEG ratio of 1.99 and a beta of 1.04. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.01 and a quick ratio of 0.24.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.01. The firm had revenue of $35.72 billion for the quarter, compared to analysts’ expectations of $34.85 billion. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.74 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.49%. This is a boost from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. Home Depot’s dividend payout ratio is presently 48.97%.

In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $309.80, for a total transaction of $156,139.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

HD has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on Home Depot from $425.00 to $380.00 in a research note on Tuesday, February 22nd. TheStreet downgraded Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, February 22nd. Raymond James lowered their target price on Home Depot from $420.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, February 23rd. Loop Capital lowered their target price on Home Depot from $380.00 to $320.00 in a research note on Wednesday, February 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Home Depot from $406.00 to $365.00 in a research note on Wednesday, February 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $387.08.

Home Depot Company Profile (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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