Arete Wealth Advisors LLC Buys 5,333 Shares of The Home Depot, Inc. (NYSE:HD)

Arete Wealth Advisors LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 32.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,551 shares of the home improvement retailer’s stock after purchasing an additional 5,333 shares during the period. Arete Wealth Advisors LLC’s holdings in Home Depot were worth $8,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Motley Fool Asset Management LLC increased its position in Home Depot by 15.0% in the fourth quarter. Motley Fool Asset Management LLC now owns 53,340 shares of the home improvement retailer’s stock worth $20,749,000 after purchasing an additional 6,962 shares during the period. World Investment Advisors grew its position in shares of Home Depot by 13.8% during the 4th quarter. World Investment Advisors now owns 57,006 shares of the home improvement retailer’s stock worth $22,175,000 after buying an additional 6,907 shares during the period. Nicolet Advisory Services LLC grew its position in shares of Home Depot by 4.2% during the 4th quarter. Nicolet Advisory Services LLC now owns 19,004 shares of the home improvement retailer’s stock worth $7,410,000 after buying an additional 762 shares during the period. Venture Visionary Partners LLC raised its stake in shares of Home Depot by 85.7% during the fourth quarter. Venture Visionary Partners LLC now owns 77,832 shares of the home improvement retailer’s stock worth $30,289,000 after buying an additional 35,924 shares during the last quarter. Finally, Disciplined Investors L.L.C. acquired a new position in Home Depot in the fourth quarter valued at approximately $409,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $371.25 on Thursday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company’s fifty day simple moving average is $387.28 and its 200-day simple moving average is $398.64. The firm has a market cap of $369.03 billion, a PE ratio of 25.22, a P/E/G ratio of 4.03 and a beta of 1.08. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during 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%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.48%. Home Depot’s dividend payout ratio is currently 61.66%.

Analyst Ratings Changes

HD has been the subject of several recent research reports. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Company 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.