The Home Depot, Inc. (NYSE:HD) Stock Holdings Increased by Global Strategic Investment Solutions LLC

Global Strategic Investment Solutions LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,622 shares of the home improvement retailer’s stock after purchasing an additional 314 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Home Depot were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HD. Unified Investment Management bought a new position in Home Depot during the fourth quarter valued at approximately $946,000. Bravias Capital Group LLC bought a new position in Home Depot during the fourth quarter valued at approximately $257,000. Kelly Financial Group LLC bought a new position in Home Depot during the fourth quarter valued at approximately $272,000. Detalus Advisors LLC raised its position in Home Depot by 4.2% during the fourth quarter. Detalus Advisors LLC now owns 2,125 shares of the home improvement retailer’s stock valued at $827,000 after acquiring an additional 86 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its position in Home Depot by 7.8% during the fourth quarter. Fidelis Capital Partners LLC now owns 10,992 shares of the home improvement retailer’s stock valued at $4,493,000 after acquiring an additional 792 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HD. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Truist Financial dropped their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Stock Down 1.9 %

HD opened at $389.03 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm’s fifty day moving average price is $401.29 and its two-hundred day moving average price is $399.57. The company has a market capitalization of $386.45 billion, a P/E ratio of 26.43, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.36%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Home Depot Profile

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.