The Home Depot, Inc. (NYSE:HD) Shares Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,111 shares of the home improvement retailer’s stock after acquiring an additional 1,266 shares during the quarter. Home Depot makes up approximately 0.8% of HighPoint Advisor Group LLC’s holdings, making the stock its 23rd largest position. HighPoint Advisor Group LLC’s holdings in Home Depot were worth $14,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HD. K.J. Harrison & Partners Inc boosted its position in Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after acquiring an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC grew its position in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock valued at $9,242,000 after buying an additional 3,873 shares in the last quarter. Pensionfund Sabic increased its stake in Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after buying an additional 3,800 shares during the period. Wedmont Private Capital lifted its stake in shares of Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after acquiring an additional 1,506 shares during the period. Finally, Johnson & White Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $1,793,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.3 %

HD stock opened at $357.86 on Monday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 company has a market cap of $355.72 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The business’s 50-day simple moving average is $389.98 and its 200 day simple moving average is $398.99.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s payout ratio is 61.66%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Piper Sandler lowered their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Royal Bank of Canada cut their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, KGI Securities raised Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. 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 company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

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.