Texas Capital Bank Wealth Management Services Inc Grows Stake in The Home Depot, Inc. (NYSE:HD)

Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,624 shares of the home improvement retailer’s stock after purchasing an additional 583 shares during the quarter. Home Depot makes up approximately 0.9% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 25th biggest position. Texas Capital Bank Wealth Management Services Inc’s holdings in Home Depot were worth $9,189,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $32,000. Sellwood Investment Partners LLC acquired a new position in Home Depot during the fourth quarter worth $39,000. Finally, NewSquare Capital LLC raised its position in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after acquiring an additional 68 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 1.5 %

NYSE:HD traded down $5.31 on Thursday, reaching $350.08. The stock had a trading volume of 889,937 shares, compared to its average volume of 3,479,003. The company has a 50-day moving average of $377.57 and a 200 day moving average of $396.60. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $347.99 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-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, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the firm earned $2.82 EPS. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.63%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Piper Sandler lowered 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 note on Monday, March 24th. Gordon Haskett cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Truist Financial decreased their price target on Home Depot from $437.00 to $391.00 and set a “buy” rating on the stock in a research note on Tuesday. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $356.00 to $410.00 in a research report 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Home Depot 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.