The Home Depot, Inc. (NYSE:HD) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 515.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,008 shares of the home improvement retailer’s stock after acquiring an additional 61,139 shares during the period. Jefferies Financial Group Inc.’s holdings in Home Depot were worth $28,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. K.J. Harrison & Partners Inc grew its stake in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after buying an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock valued at $9,242,000 after acquiring an additional 3,873 shares in the last quarter. Wedmont Private Capital increased its stake in Home Depot by 12.5% during the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after purchasing an additional 1,506 shares during the period. Disciplined Investors L.L.C. acquired a new stake in shares of Home Depot during the fourth quarter worth about $409,000. Finally, Johnson & White Wealth Management LLC purchased a new position in shares of Home Depot in the fourth quarter valued at approximately $1,793,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.6 %

Shares of HD stock opened at $362.55 on Friday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 business’s 50 day moving average is $358.23 and its two-hundred day moving average is $388.76. The company has a market capitalization of $360.39 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 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 company had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter last year, the business earned $2.82 EPS. The business’s revenue was up 14.1% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm 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 of this dividend was Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot’s payout ratio is 61.66%.

Analysts Set New Price Targets

A number of research firms have issued reports on HD. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Wedbush reiterated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial upped their price target on Home Depot from $391.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Royal Bank of Canada decreased their price objective 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. 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 analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.32.

About Home Depot

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.