2,801 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,801 shares of the home improvement retailer's stock, valued at approximately $1,090,000. Home Depot accounts for 1.1% of Yoffe Investment Management LLC's portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of HD. SYM FINANCIAL Corp increased its position in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock worth $777,000 after buying an additional 289 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after acquiring an additional 141,915 shares in the last quarter. United Bank increased its holdings in shares of Home Depot by 4.2% during the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock valued at $1,806,000 after acquiring an additional 181 shares during the last quarter. Morse Asset Management Inc raised its stake in shares of Home Depot by 12.9% in the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock valued at $12,357,000 after acquiring an additional 3,493 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in Home Depot by 1.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 622,189 shares of the home improvement retailer's stock worth $252,111,000 after purchasing an additional 10,564 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

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Home Depot Price Performance

Shares of Home Depot stock traded down $15.59 during mid-day trading on Monday, reaching $338.32. 3,032,569 shares of the stock were exchanged, compared to its average volume of 3,456,763. The company has a market cap of $336.30 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 firm has a 50-day simple moving average of $384.89 and a 200 day simple moving average of $398.35.

Home Depot (NYSE:HD - Get Free Report) last posted its 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. The company had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's payout ratio is currently 61.66%.

Analyst Ratings Changes

A number of analysts have recently weighed in on HD shares. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Guggenheim reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $435.85.

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.