Banco de Sabadell S.A Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Banco de Sabadell S.A increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,618 shares of the home improvement retailer’s stock after purchasing an additional 77 shares during the quarter. Home Depot makes up approximately 2.0% of Banco de Sabadell S.A’s holdings, making the stock its 15th largest holding. Banco de Sabadell S.A’s holdings in Home Depot were worth $2,573,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Blueprint Investment Partners LLC boosted its holdings in shares of Home Depot by 50.7% during the fourth quarter. Blueprint Investment Partners LLC now owns 4,333 shares of the home improvement retailer’s stock worth $1,686,000 after purchasing an additional 1,457 shares during the last quarter. Optimum Investment Advisors lifted its position in Home Depot by 6.2% during the fourth quarter. Optimum Investment Advisors now owns 1,616 shares of the home improvement retailer’s stock worth $629,000 after buying an additional 95 shares during the period. Guardian Partners Inc. acquired a new stake in Home Depot in the 4th quarter worth about $308,000. KLP Kapitalforvaltning AS purchased a new stake in Home Depot in the 4th quarter valued at about $141,531,000. Finally, Umpqua Bank increased its stake in shares of Home Depot by 26.5% during the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock valued at $2,425,000 after acquiring an additional 1,294 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $352.12 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business’s 50 day moving average is $393.97 and its two-hundred day moving average is $398.90. The firm has a market cap of $349.78 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) 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 company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period last year, the business posted $2.82 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is 61.66%.

Analysts Set New Price Targets

HD has been the subject of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Truist Financial cut their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Guggenheim restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

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.