Ellenbecker Investment Group boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% in the first quarter, HoldingsChannel reports. The firm owned 2,044 shares of the home improvement retailer’s stock after purchasing an additional 51 shares during the period. The Home Depot comprises about 0.2% of Ellenbecker Investment Group’s portfolio, making the stock its 29th largest holding. Ellenbecker Investment Group’s holdings in The Home Depot were worth $624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. CI Investments Inc. lifted its holdings in The Home Depot by 7.4% during the 4th quarter. CI Investments Inc. now owns 80,119 shares of the home improvement retailer’s stock worth $21,281,000 after buying an additional 5,505 shares during the last quarter. Clearview Wealth Advisors LLC bought a new position in The Home Depot during the 4th quarter worth approximately $249,000. S&CO Inc. bought a new stake in shares of The Home Depot in the 3rd quarter worth approximately $5,027,000. Venture Visionary Partners LLC lifted its holdings in shares of The Home Depot by 99.2% in the 4th quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock worth $7,375,000 after purchasing an additional 13,825 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of The Home Depot by 14.0% in the 4th quarter. IFP Advisors Inc now owns 19,001 shares of the home improvement retailer’s stock worth $5,059,000 after purchasing an additional 2,330 shares during the last quarter. 68.71% of the stock is owned by hedge funds and other institutional investors.

HD traded up $2.16 during trading on Thursday, reaching $314.63. 114,619 shares of the stock traded hands, compared to its average volume of 4,696,611. The stock has a market cap of $338.73 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a fifty-two week low of $191.54 and a fifty-two week high of $315.94. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72. The stock’s 50-day simple moving average is $280.49 and its two-hundred day simple moving average is $276.00.

The Home Depot (NYSE:HD) last released its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. The firm had revenue of $32.26 billion during the quarter, compared to analysts’ expectations of $27.10 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 earnings per share. Research analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were issued a dividend of $1.65 per share. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, March 10th. The Home Depot’s dividend payout ratio (DPR) is 64.39%.

Several brokerages recently issued reports on HD. Credit Suisse Group reissued a “buy” rating and issued a $319.00 price target on shares of The Home Depot in a report on Thursday, March 25th. Wells Fargo & Company raised their target price on The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Guggenheim upgraded The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Wednesday, January 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on The Home Depot in a research report on Monday, March 15th. They issued a “buy” rating and a $288.00 target price on the stock. Finally, Zelman & Associates upgraded The Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $299.32.

The Home Depot Profile

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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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