Groupama Asset Managment Has $22.04 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Groupama Asset Managment lifted its stake in The Home Depot, Inc. (NYSE:HD) by 36.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 56,601 shares of the home improvement retailer’s stock after acquiring an additional 15,209 shares during the period. Groupama Asset Managment’s holdings in Home Depot were worth $22,042,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the third quarter worth about $41,000. Finally, Marshall Investment Management LLC bought a new stake in Home Depot in the 4th quarter valued at $41,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HD. Robert W. Baird dropped their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler lowered their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Guggenheim reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Truist Financial decreased 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 equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $435.85.

Home Depot Price Performance

NYSE:HD opened at $366.95 on Tuesday. The company has a 50 day moving average price of $389.13 and a 200-day moving average price of $398.94. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market cap of $364.76 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The company’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.51%. Home Depot’s payout ratio is 61.66%.

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.