528 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Harbour Investment Management LLC

Harbour Investment Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, Holdings Channel reports. The fund acquired 528 shares of the home improvement retailer’s stock, valued at approximately $205,000.

Other large investors have also made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $32,000. NewSquare Capital LLC increased its stake in Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after acquiring an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in Home Depot during the third quarter valued at about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 1.1 %

NYSE:HD opened at $351.16 on Friday. The stock’s fifty day moving average price is $397.43 and its two-hundred day moving average price is $399.26. 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 company has a market cap of $348.83 billion, a price-to-earnings ratio of 23.86, a P/E/G 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 quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HD. Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Piper Sandler lowered their price objective on Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.