Telos Capital Management Inc. Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by on Apr 11th, 2023

Telos Capital Management Inc. raised its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,758 shares of the home improvement retailer’s stock after buying an additional 2,490 shares during the period. Home Depot makes up approximately 1.3% of Telos Capital Management Inc.’s holdings, making the stock its 19th largest holding. Telos Capital Management Inc.’s holdings in Home Depot were worth $9,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the 1st quarter worth about $27,000. Glassy Mountain Advisors Inc. acquired a new position in Home Depot during the fourth quarter worth about $30,000. First Personal Financial Services lifted its holdings in shares of Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 43 shares in the last quarter. Align Wealth Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $30,000. Finally, EWG Elevate Inc. purchased a new position in shares of Home Depot during the 4th quarter worth approximately $36,000. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

HD opened at $291.17 on Tuesday. The company has a market capitalization of $294.86 billion, a P/E ratio of 17.46, a PEG ratio of 1.67 and a beta of 0.93. The company has a 50-day moving average of $300.14 and a 200-day moving average of $304.21. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.04. The firm had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. Home Depot’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were given a $2.09 dividend. This is an increase from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Wednesday, March 8th. Home Depot’s dividend payout ratio (DPR) is presently 50.12%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HD shares. Roth Mkm reduced their target price on Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 22nd. Wedbush upped their price objective on Home Depot from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, February 22nd. Evercore ISI dropped their price objective on Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Barclays reduced their target price on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Finally, Robert W. Baird lowered their price target on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st. Thirteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $329.89.

About Home Depot

(Get Rating)

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Further Reading

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.