The Home Depot, Inc. (NYSE:HD) Shares Acquired by Whelan Financial

Whelan Financial increased its stake in The Home Depot, Inc. (NYSE:HD) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 688 shares of the home improvement retailer’s stock after buying an additional 159 shares during the period. Whelan Financial’s holdings in Home Depot were worth $268,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the fourth quarter valued at $28,000. Navigoe LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter worth about $32,000. Finally, Quarry LP boosted its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE HD opened at $379.03 on Tuesday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market capitalization of $376.77 billion, a PE ratio of 25.75, a P/E/G ratio of 4.03 and a beta of 1.05. The company’s 50 day simple moving average is $358.40 and its 200 day simple moving average is $387.85. 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 issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $2.82 EPS. As a group, equities research 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 was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.43%. Home Depot’s payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Home Depot from $391.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Wedbush reiterated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird cut their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Piper Sandler dropped their target price 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. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.32.

Home Depot 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.