The Home Depot, Inc. (NYSE:HD) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 24.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,195 shares of the home improvement retailer’s stock after buying an additional 21,604 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Home Depot were worth $42,476,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital International Inc. CA grew its stake in shares of Home Depot by 6.1% in the fourth quarter. Capital International Inc. CA now owns 113,123 shares of the home improvement retailer’s stock valued at $44,004,000 after buying an additional 6,508 shares in the last quarter. Capital Research Global Investors boosted its holdings in Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer’s stock valued at $4,845,098,000 after acquiring an additional 647,552 shares during the period. Carbahal Olsen Financial Services Group LLC purchased a new stake in Home Depot during the fourth quarter worth about $200,000. Dimensional Fund Advisors LP lifted its position in shares of Home Depot by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,940,562 shares of the home improvement retailer’s stock worth $1,921,854,000 after purchasing an additional 122,482 shares in the last quarter. Finally, Elevatus Welath Management purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $274,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD opened at $354.85 on Friday. The stock has a market capitalization of $352.73 billion, a P/E ratio of 24.11, a P/E/G 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company’s fifty day moving average is $369.30 and its two-hundred day moving average is $394.32.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. During the same period in the prior year, the company posted $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts predict 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. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.59%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HD shares. Guggenheim reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Piper Sandler reduced their price target on 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, Gordon Haskett lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.