The Home Depot, Inc. (NYSE:HD) Shares Bought by Evoke Wealth LLC

Evoke Wealth LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,128 shares of the home improvement retailer’s stock after buying an additional 80 shares during the quarter. Evoke Wealth LLC’s holdings in Home Depot were worth $1,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Horizon Investments LLC raised its position in Home Depot by 1.6% during the fourth quarter. Horizon Investments LLC now owns 10,141 shares of the home improvement retailer’s stock worth $3,945,000 after acquiring an additional 155 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Home Depot by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 695,248 shares of the home improvement retailer’s stock valued at $270,617,000 after buying an additional 42,760 shares during the last quarter. Clarity Wealth Development LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $231,000. Kensington Investment Counsel LLC raised its position in shares of Home Depot by 4.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 13,731 shares of the home improvement retailer’s stock valued at $5,341,000 after buying an additional 623 shares during the last quarter. Finally, Mystic Asset Management Inc. raised its position in shares of Home Depot by 289.1% in the fourth quarter. Mystic Asset Management Inc. now owns 16,627 shares of the home improvement retailer’s stock valued at $6,468,000 after buying an additional 12,354 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of analyst reports. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Robert W. Baird cut their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their price target on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Price Performance

Shares of HD stock opened at $349.39 on Wednesday. The company has a market capitalization of $347.07 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The firm has a fifty day simple moving average of $396.03 and a 200-day simple moving average of $399.40. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last announced 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 business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $2.30 dividend. The ex-dividend date of this dividend is 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 2.63%. Home Depot’s dividend payout ratio is currently 61.66%.

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.