FFT Wealth Management LLC Acquires 88 Shares of The Home Depot, Inc. (NYSE:HD)

FFT Wealth Management LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 785 shares of the home improvement retailer’s stock after acquiring an additional 88 shares during the quarter. FFT Wealth Management LLC’s holdings in Home Depot were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Synergy Asset Management LLC bought a new position in Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 3rd quarter valued at $41,000. Marshall Investment Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth $41,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $390.40 on Thursday. 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’s fifty day moving average price is $401.17 and its 200-day moving average price is $398.42. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a market capitalization of $387.81 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (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 the consensus estimate of $39.15 billion. During the same period in the previous year, the firm posted $2.82 EPS. Home Depot’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.36%. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Robert W. Baird dropped their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays upped their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the stock from $356.00 to $410.00 in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.