Everence Capital Management Inc. Makes New $8.19 Million Investment in The Home Depot, Inc. (NYSE:HD)

Everence Capital Management Inc. bought a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,838 shares of the home improvement retailer’s stock, valued at approximately $8,192,000. The Home Depot comprises 0.7% of Everence Capital Management Inc.’s holdings, making the stock its 19th biggest position.

A number of other institutional investors have also bought and sold shares of HD. Flagship Private Wealth LLC bought a new stake in The Home Depot during the fourth quarter valued at about $32,000. Westchester Capital Management Inc. bought a new stake in The Home Depot during the fourth quarter valued at about $33,000. Bouvel Investment Partners LLC bought a new stake in The Home Depot during the fourth quarter valued at about $33,000. Claudia M.P. Batlle CRP R LLC bought a new stake in The Home Depot during the third quarter valued at about $34,000. Finally, Winch Advisory Services LLC boosted its holdings in The Home Depot by 139.6% during 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 period. 68.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HD traded up $2.16 during mid-day trading on Thursday, hitting $314.63. 114,619 shares of the stock were exchanged, compared to its average volume of 4,696,611. The company has a market cap of $338.73 billion, a P/E ratio of 27.03, a PEG ratio of 2.13 and a beta of 1.03. The stock’s fifty day simple moving average is $280.49 and its two-hundred day simple moving average is $276.00. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The Home Depot, Inc. has a twelve month low of $191.54 and a twelve month high of $315.94.

The Home Depot (NYSE:HD) last posted its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.02. The company had revenue of $32.26 billion during the quarter, compared to analyst estimates of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. As a group, equities 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. Stockholders 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. The ex-dividend date of this dividend was Wednesday, March 10th. This represents a $6.60 annualized dividend and a dividend yield of 2.10%. The Home Depot’s dividend payout ratio (DPR) is presently 64.39%.

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

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, 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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