The Home Depot, Inc. (NYSE:HD) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lowered its stake in The Home Depot, Inc. (NYSE:HD) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,615 shares of the home improvement retailer’s stock after selling 4,712 shares during the quarter. Martingale Asset Management L P’s holdings in Home Depot were worth $22,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Home Depot in the 4th quarter worth approximately $5,032,910,000. Raymond James Financial Inc. acquired a new stake in shares of Home Depot during the 4th quarter valued at $2,212,546,000. Proficio Capital Partners LLC boosted its stake in shares of Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock worth $793,486,000 after acquiring an additional 2,030,372 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer’s stock worth $37,251,142,000 after acquiring an additional 875,836 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Home Depot by 559.5% during the fourth quarter. APG Asset Management N.V. now owns 1,032,082 shares of the home improvement retailer’s stock worth $387,706,000 after purchasing an additional 875,591 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 2.2 %

HD opened at $333.90 on Wednesday. The firm has a market cap of $331.90 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business has a 50 day moving average price of $379.92 and a 200 day moving average price of $397.16. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 business had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. During the same period in the previous year, the company earned $2.82 earnings per share. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.76%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio is 61.66%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Home Depot from $437.00 to $391.00 and set a “buy” rating for the company in a research report on Tuesday. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $434.08.

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.