Blair William & Co. IL Purchases 2,716 Shares of The Home Depot, Inc. (NYSE:HD)

Blair William & Co. IL grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 755,641 shares of the home improvement retailer's stock after purchasing an additional 2,716 shares during the quarter. Home Depot comprises about 0.9% of Blair William & Co. IL's portfolio, making the stock its 21st biggest holding. Blair William & Co. IL owned about 0.08% of Home Depot worth $293,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Raymond James Financial Inc. bought a new position in shares of Home Depot during the 4th quarter worth approximately $2,212,546,000. Proficio Capital Partners LLC boosted its holdings in shares of Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after buying an additional 2,030,372 shares during the period. Vanguard Group Inc. grew its stake in Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after buying an additional 875,836 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Home Depot in the 3rd quarter valued at about $336,231,000. Finally, Amundi lifted its position in Home Depot by 8.6% during the fourth quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock worth $2,925,498,000 after acquiring an additional 599,490 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

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Analyst Ratings Changes

HD has been the topic of several research reports. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and upped their target price for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Robert W. Baird lowered their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Wedbush reissued an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, Truist Financial dropped their price target on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $435.85.

Home Depot Trading Down 1.3 %

Shares of Home Depot stock traded down $4.87 during midday trading on Friday, reaching $357.86. The company had a trading volume of 2,979,134 shares, compared to its average volume of 3,449,521. The firm has a market cap of $355.72 billion, a PE ratio of 24.31, a P/E/G ratio of 4.03 and a beta of 1.09. The stock has a fifty day moving average price of $389.98 and a 200 day moving average price of $398.80. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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. 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 revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 earnings per share. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.57%. Home Depot's dividend payout ratio is presently 61.66%.

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.