ClearAlpha Technologies LP Decreases Position in The Home Depot, Inc. (NYSE:HD)

ClearAlpha Technologies LP reduced its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 71.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564 shares of the home improvement retailer's stock after selling 1,405 shares during the period. ClearAlpha Technologies LP's holdings in Home Depot were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. POM Investment Strategies LLC boosted its position in shares of Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after purchasing an additional 24 shares during the period. Center for Financial Planning Inc. increased its stake in Home Depot by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after buying an additional 24 shares in the last quarter. Marino Stram & Associates LLC raised its holdings in Home Depot by 2.3% during the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after acquiring an additional 25 shares during the period. Live Oak Private Wealth LLC lifted its position in shares of Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after acquiring an additional 25 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its stake in shares of Home Depot by 4.0% in the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 0.9 %

Shares of NYSE:HD traded up $3.03 during trading hours on Thursday, hitting $359.45. The company's stock had a trading volume of 2,746,360 shares, compared to its average volume of 3,464,879. The firm's fifty day moving average price is $365.88 and its 200 day moving average price is $393.13. 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 capitalization of $357.30 billion, a price-to-earnings ratio of 24.42, a P/E/G 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.

Home Depot (NYSE:HD - Get Free Report) last posted 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 analyst estimates 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 quarter in the prior year, the business earned $2.82 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.56%. Home Depot's payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HD shares. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Truist Financial dropped their price objective on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Guggenheim reaffirmed a "buy" rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $434.08.

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.