Alliance Wealth Management Group Buys 897 Shares of The Home Depot, Inc. (NYSE:HD)

Alliance Wealth Management Group lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 125.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,614 shares of the home improvement retailer's stock after buying an additional 897 shares during the period. Alliance Wealth Management Group's holdings in Home Depot were worth $628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Vanguard Group Inc. boosted its holdings in Home Depot by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Geode Capital Management LLC raised its holdings in Home Depot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after acquiring an additional 257,036 shares during the period. Norges Bank acquired a new position in shares of Home Depot during the 4th quarter worth about $5,032,910,000. Fisher Asset Management LLC boosted its position in shares of Home Depot by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock valued at $3,715,668,000 after acquiring an additional 125,441 shares during the period. Finally, Alliancebernstein L.P. increased its position in Home Depot by 5.5% during the fourth quarter. Alliancebernstein L.P. now owns 9,052,091 shares of the home improvement retailer's stock worth $3,521,173,000 after acquiring an additional 468,203 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial decreased 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report 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. Finally, Wedbush reiterated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Stock Performance

Shares of NYSE HD traded up $5.73 during midday trading on Wednesday, hitting $371.25. The company's stock had a trading volume of 3,178,686 shares, compared to its average volume of 3,441,778. The stock has a fifty day moving average price of $388.06 and a 200 day moving average price of $398.84. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market capitalization of $369.03 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 4.03 and a beta of 1.08. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for 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%. The firm's revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. On average, research analysts forecast 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 was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. Home Depot's payout ratio is presently 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.