The Home Depot, Inc. (NYSE:HD) Shares Sold by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,708 shares of the home improvement retailer's stock after selling 915 shares during the quarter. Home Depot makes up 1.2% of BlueChip Wealth Advisors LLC's investment portfolio, making the stock its 20th biggest holding. BlueChip Wealth Advisors LLC's holdings in Home Depot were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. K.J. Harrison & Partners Inc lifted its holdings in Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after buying an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Home Depot by 19.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after purchasing an additional 3,873 shares in the last quarter. Pensionfund Sabic increased its stake in Home Depot by 51.4% in the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after purchasing an additional 3,800 shares during the last quarter. Wedmont Private Capital raised its holdings in Home Depot by 12.5% during the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $1,793,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HD shares. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Wedbush restated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Truist Financial decreased their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Price Performance

HD stock traded up $8.80 during trading on Monday, reaching $366.95. 4,246,446 shares of the company were exchanged, compared to its average volume of 3,511,396. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock's 50 day moving average price is $389.98 and its 200 day moving average price is $398.99. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a market cap of $364.76 billion, a P/E ratio of 24.93, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is 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.