Bragg Financial Advisors Inc Sells 1,052 Shares of The Home Depot, Inc. (NYSE:HD)

Bragg Financial Advisors Inc reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,975 shares of the home improvement retailer's stock after selling 1,052 shares during the quarter. Bragg Financial Advisors Inc's holdings in Home Depot were worth $20,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after buying an additional 141,915 shares during the period. Morse Asset Management Inc increased its position in shares of Home Depot by 12.9% during the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock valued at $12,357,000 after purchasing an additional 3,493 shares during the period. Invst LLC raised its stake in shares of Home Depot by 1.7% in the 3rd quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock worth $2,719,000 after buying an additional 115 shares in the last quarter. McIlrath & Eck LLC boosted its stake in Home Depot by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock valued at $1,089,000 after buying an additional 115 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new stake in Home Depot during the third quarter valued at approximately $1,027,000. Institutional investors and hedge funds own 70.86% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Truist Financial lowered their price objective on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $434.08.

Home Depot Stock Up 1.1 %

NYSE:HD traded up $4.05 during trading hours on Tuesday, reaching $361.25. 188,939 shares of the stock were exchanged, compared to its average volume of 3,474,445. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market cap of $359.09 billion, a PE ratio of 24.48, a PEG ratio of 4.03 and a beta of 1.09. 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 firm has a 50 day moving average of $374.14 and a 200 day moving average of $395.67.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 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.