American Century Companies Inc. Has $387.35 Million Stake in The Home Depot, Inc. (NYSE:HD)

American Century Companies Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 995,774 shares of the home improvement retailer's stock after purchasing an additional 57,855 shares during the period. American Century Companies Inc. owned 0.10% of Home Depot worth $387,346,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc raised its holdings in shares of Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after acquiring an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after purchasing an additional 3,873 shares during the last quarter. Pensionfund Sabic raised its stake in shares of Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock worth $4,357,000 after purchasing an additional 3,800 shares in the last quarter. Swedbank AB lifted its holdings in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after buying an additional 132,967 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in shares of Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock valued at $5,291,000 after buying an additional 1,506 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

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Home Depot Stock Performance

HD traded down $2.87 during trading on Tuesday, reaching $360.90. 2,799,540 shares of the company's stock were exchanged, compared to its average volume of 3,217,302. The company has a market capitalization of $358.50 billion, a P/E ratio of 24.52, a PEG ratio of 4.03 and a beta of 1.09. The business has a 50 day moving average price of $393.46 and a 200 day moving average price of $399.16. 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 quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.55%. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio is currently 61.66%.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Truist Financial reduced their price objective on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Wedbush reissued an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.