The Home Depot, Inc. (NYSE:HD) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,763,752 shares of the home improvement retailer’s stock after purchasing an additional 875,836 shares during the period. Home Depot makes up about 0.6% of Vanguard Group Inc.’s holdings, making the stock its 20th biggest position. Vanguard Group Inc. owned approximately 9.64% of Home Depot worth $37,251,142,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Napatree Capital LLC boosted its position in shares of Home Depot by 7.8% during the 4th quarter. Napatree Capital LLC now owns 1,738 shares of the home improvement retailer’s stock worth $676,000 after purchasing an additional 126 shares in the last quarter. Samalin Investment Counsel LLC boosted its holdings in Home Depot by 8.5% during the fourth quarter. Samalin Investment Counsel LLC now owns 2,921 shares of the home improvement retailer’s stock worth $1,136,000 after buying an additional 229 shares in the last quarter. Richwood Investment Advisors LLC grew its position in Home Depot by 6.3% during the fourth quarter. Richwood Investment Advisors LLC now owns 3,927 shares of the home improvement retailer’s stock worth $1,527,000 after buying an additional 232 shares during the period. M Holdings Securities Inc. purchased a new position in Home Depot in the fourth quarter valued at about $1,517,000. Finally, Banco de Sabadell S.A lifted its position in shares of Home Depot by 1.2% during the 4th quarter. Banco de Sabadell S.A now owns 6,618 shares of the home improvement retailer’s stock valued at $2,573,000 after acquiring an additional 77 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. KGI Securities raised Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Robert W. Baird dropped their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Piper Sandler dropped their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Trading Down 1.0 %

Shares of HD stock opened at $352.12 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm’s 50 day moving average price is $393.97 and its two-hundred day moving average price is $398.90. The stock has a market cap of $349.78 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the previous year, the business posted $2.82 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.61%. Home Depot’s dividend payout ratio 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.