Venture Visionary Partners LLC Has $30.29 Million Position in The Home Depot, Inc. (NYSE:HD)

Venture Visionary Partners LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 85.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,832 shares of the home improvement retailer’s stock after buying an additional 35,924 shares during the quarter. Home Depot accounts for 0.9% of Venture Visionary Partners LLC’s holdings, making the stock its 23rd biggest holding. Venture Visionary Partners LLC’s holdings in Home Depot were worth $30,289,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Disciplined Investors L.L.C. bought a new stake in shares of Home Depot in the fourth quarter valued at about $409,000. SevenBridge Financial Group LLC raised its stake in Home Depot by 11.4% in the 4th quarter. SevenBridge Financial Group LLC now owns 9,839 shares of the home improvement retailer’s stock worth $4,097,000 after purchasing an additional 1,004 shares in the last quarter. OneAscent Financial Services LLC boosted its holdings in Home Depot by 71.6% in the 4th quarter. OneAscent Financial Services LLC now owns 6,014 shares of the home improvement retailer’s stock valued at $2,339,000 after purchasing an additional 2,510 shares during the period. Bryce Point Capital LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $557,000. Finally, Private Portfolio Partners LLC increased its holdings in shares of Home Depot by 2.2% during the fourth quarter. Private Portfolio Partners LLC now owns 2,956 shares of the home improvement retailer’s stock worth $1,150,000 after purchasing an additional 64 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $371.25 on Thursday. The company has a market capitalization of $369.03 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. The business has a 50-day moving average of $387.28 and a 200-day moving average of $398.64. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating 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 company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the firm posted $2.82 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share 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 of this dividend was Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analysts Set New Price Targets

A number of equities analysts have commented on HD shares. Piper Sandler lowered their price objective on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Wedbush reissued an “outperform” rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. 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. Royal Bank of Canada reduced their price objective on shares of 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. Finally, Robert W. Baird cut their price target on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

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.