Full Sail Capital LLC Has $671,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Full Sail Capital LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,725 shares of the home improvement retailer’s stock after selling 103 shares during the quarter. Full Sail Capital LLC’s holdings in Home Depot were worth $671,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Home Depot in the 4th quarter valued at $5,032,910,000. Raymond James Financial Inc. bought a new stake in shares of Home Depot in the fourth quarter worth about $2,212,546,000. Proficio Capital Partners LLC raised its position in shares of Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock worth $793,486,000 after purchasing an additional 2,030,372 shares during the period. Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter valued at approximately $471,189,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $362.55 on Friday. The company has a market cap of $360.39 billion, a P/E ratio of 24.63, a P/E/G ratio of 4.03 and a beta of 1.05. The firm’s fifty day moving average price is $358.23 and its two-hundred day moving average price is $388.83. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 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 analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 EPS. Equities analysts expect 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. The ex-dividend date was Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.54%. Home Depot’s payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HD shares. Morgan Stanley cut their price target on shares of Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on Home Depot from $470.00 to $410.00 and set an “overweight” rating for the company in a report on Tuesday. Truist Financial upped their price objective on Home Depot from $391.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird dropped their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price target 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. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.32.

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.