Mizuho Securities USA LLC Has $7.28 Million Position in The Home Depot, Inc. (NYSE:HD)


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Mizuho Securities USA LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 3,029.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,846 shares of the home improvement retailer’s stock after buying an additional 23,084 shares during the period. The Home Depot accounts for about 0.7% of Mizuho Securities USA LLC’s holdings, making the stock its 20th biggest holding. Mizuho Securities USA LLC’s holdings in The Home Depot were worth $7,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Flagship Private Wealth LLC acquired a new stake in shares of The Home Depot during the fourth quarter worth $32,000. Westchester Capital Management Inc. bought a new stake in The Home Depot during the fourth quarter valued at $33,000. Winch Advisory Services LLC grew its holdings in The Home Depot by 139.6% during the 4th quarter. Winch Advisory Services LLC now owns 127 shares of the home improvement retailer’s stock worth $34,000 after acquiring an additional 74 shares during the period. Johnson Midwest Financial LLC bought a new position in shares of The Home Depot in the 4th quarter worth about $40,000. Finally, Grant Street Asset Management Inc. bought a new position in shares of The Home Depot in the 4th quarter worth about $42,000. Institutional investors own 68.71% of the company’s stock.

The Home Depot stock opened at $330.27 on Tuesday. The firm has a market capitalization of $355.11 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 2.13 and a beta of 1.03. The firm has a 50 day simple moving average of $309.92 and a 200 day simple moving average of $281.73. The Home Depot, Inc. has a 1-year low of $215.21 and a 1-year high of $331.62. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.02. The company 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 firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.28 earnings per share. On average, equities research analysts forecast that The Home Depot, Inc. will post 11.76 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were given a dividend of $1.65 per share. The ex-dividend date was Wednesday, March 10th. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 2.00%. The Home Depot’s dividend payout ratio is currently 64.39%.

Several research firms recently commented on HD. Guggenheim raised 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. UBS Group raised 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 report on Tuesday, April 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 target price on the stock. Credit Suisse Group reissued a “buy” rating and set a $319.00 target price on shares of The Home Depot in a research note on Thursday, March 25th. Finally, Zelman & Associates downgraded shares of The Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, April 15th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The Home Depot has an average rating of “Buy” and a consensus target price of $304.65.

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, building materials, 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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