Csenge Advisory Group Has $5.63 Million Holdings in The Home Depot, Inc. (NYSE:HD)
Csenge Advisory Group raised its position in The Home Depot, Inc. (NYSE:HD) by 19.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,635 shares of the home improvement retailer’s stock after purchasing an additional 2,833 shares during the quarter. Csenge Advisory Group’s holdings in The Home Depot were worth $5,630,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of HD. Flagship Private Wealth LLC acquired a new position in The Home Depot during the fourth quarter worth $32,000. Westchester Capital Management Inc. acquired a new position in shares of The Home Depot during the 4th quarter worth about $33,000. Bouvel Investment Partners LLC bought a new position in shares of The Home Depot in the 4th quarter valued at about $33,000. Winch Advisory Services LLC increased its position in shares of The Home Depot by 139.6% in the fourth quarter. Winch Advisory Services LLC now owns 127 shares of the home improvement retailer’s stock valued at $34,000 after acquiring an additional 74 shares during the last quarter. Finally, Johnson Midwest Financial LLC bought a new stake in The Home Depot during the fourth quarter worth about $40,000. Institutional investors own 68.71% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Citigroup started coverage on shares of The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price target on the stock. UBS Group boosted their price objective on shares of The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, April 20th. Guggenheim upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a research note on Wednesday, January 13th. Finally, Zelman & Associates downgraded The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, April 15th. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The Home Depot has a consensus rating of “Buy” and an average target price of $304.65.
The Home Depot (NYSE:HD) last announced its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The firm had revenue of $32.26 billion for the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.00%. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. The ex-dividend date was Wednesday, March 10th. The Home Depot’s dividend payout ratio (DPR) is 64.39%.
The Home Depot Company 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, building materials, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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