The Home Depot, Inc. (NYSE:HD) Shares Sold by Voisard Asset Management Group Inc.

Voisard Asset Management Group Inc. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 10.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 531 shares of the home improvement retailer’s stock after selling 62 shares during the period. Voisard Asset Management Group Inc.’s holdings in Home Depot were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Main Street Research LLC lifted its position in Home Depot by 25.8% in the fourth quarter. Main Street Research LLC now owns 1,345 shares of the home improvement retailer’s stock valued at $523,000 after purchasing an additional 276 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of Home Depot by 3.9% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 4,419 shares of the home improvement retailer’s stock worth $1,719,000 after buying an additional 167 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Home Depot by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 35,467 shares of the home improvement retailer’s stock valued at $13,796,000 after buying an additional 1,469 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of Home Depot by 8.1% in the fourth quarter. Enterprise Financial Services Corp now owns 3,258 shares of the home improvement retailer’s stock valued at $1,267,000 after buying an additional 244 shares in the last quarter. Finally, Argentarii LLC acquired a new position in Home Depot during the fourth quarter worth $2,608,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 1.3 %

Shares of Home Depot stock opened at $376.66 on Monday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business’s fifty day moving average is $400.21 and its two-hundred day moving average is $400.02. 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 firm has a market cap of $374.16 billion, a PE ratio of 25.59, 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, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced 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. The ex-dividend date 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 dividend yield of 2.44%. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Piper Sandler dropped their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Bank of America boosted their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $436.50.

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.