Argentarii LLC Buys Shares of 6,706 The Home Depot, Inc. (NYSE:HD)

Argentarii LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,706 shares of the home improvement retailer's stock, valued at approximately $2,608,000. Home Depot makes up 1.3% of Argentarii LLC's investment portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Home Depot during the 4th quarter worth approximately $62,820,000. Coordinated Financial Services Inc. purchased a new stake in Home Depot during the 4th quarter worth approximately $1,001,000. Amundi increased its holdings in Home Depot by 8.6% during the 4th quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock worth $2,925,498,000 after purchasing an additional 599,490 shares during the last quarter. Fairfield Financial Advisors LTD increased its holdings in Home Depot by 67.5% during the 4th quarter. Fairfield Financial Advisors LTD now owns 402 shares of the home improvement retailer's stock worth $156,000 after purchasing an additional 162 shares during the last quarter. Finally, Naviter Wealth LLC increased its holdings in Home Depot by 39.3% during the 4th quarter. Naviter Wealth LLC now owns 11,150 shares of the home improvement retailer's stock worth $4,337,000 after purchasing an additional 3,146 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 1.3 %

Shares of HD stock traded down $5.08 on Friday, reaching $376.66. 4,572,916 shares of the stock were exchanged, compared to its average volume of 3,351,697. The stock 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. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a 50 day moving average price of $400.21 and a 200 day moving average price of $400.02.

Remove Ads

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.82 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.44%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Piper Sandler lowered their price objective on Home Depot from $455.00 to $435.00 and set an "overweight" rating for the company in a research note 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company 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.