Horizon Investments LLC Has $3.95 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Horizon Investments LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,141 shares of the home improvement retailer’s stock after purchasing an additional 155 shares during the period. Horizon Investments LLC’s holdings in Home Depot were worth $3,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the fourth quarter worth $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at about $32,000. NewSquare Capital LLC increased its position in Home Depot by 200.0% in the 4th 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 3rd quarter worth $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.8 %

HD opened at $354.06 on Tuesday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. 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 has a fifty day simple moving average of $396.73 and a 200-day simple moving average of $399.54. The firm has a market cap of $351.71 billion, a P/E ratio of 24.05, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during 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%. Home Depot’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.60%. Home Depot’s dividend payout ratio is 61.66%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Robert W. Baird decreased their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Truist Financial cut their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Nine investment 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. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $436.50.

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.