Mesirow Financial Investment Management Inc. Raises Stake in The Home Depot, Inc. (NYSE:HD)

Mesirow Financial Investment Management Inc. increased its stake in The Home Depot, Inc. (NYSE:HD) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,395 shares of the home improvement retailer’s stock after buying an additional 60 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Home Depot were worth $17,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Home Depot by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after acquiring an additional 2,209 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of Home Depot by 3.3% in the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after purchasing an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC raised its stake in shares of Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Home Depot by 34.8% during the first quarter. V Square Quantitative Management LLC now owns 15,913 shares of the home improvement retailer’s stock valued at $6,104,000 after purchasing an additional 4,111 shares in the last quarter. Finally, Leeward Financial Partners LLC boosted its position in shares of Home Depot by 7.3% during the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after buying an additional 711 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HD. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. UBS Group lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.79.

Home Depot Trading Up 1.5 %

Shares of HD opened at $379.99 on Monday. The company’s fifty day simple moving average is $361.04 and its 200-day simple moving average is $353.92. The company has a market cap of $377.44 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.57 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the company posted $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.