CoreFirst Bank & Trust Buys Shares of 2,590 The Home Depot, Inc. (NYSE:HD)

CoreFirst Bank & Trust acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,590 shares of the home improvement retailer's stock, valued at approximately $1,007,000.

A number of other institutional investors have also recently modified their holdings of the stock. Synergy Asset Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth $32,000. NewSquare Capital LLC boosted its stake in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Home Depot in the third quarter valued at about $41,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HD shares. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Piper Sandler reduced their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday. Royal Bank of Canada dropped their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their price target on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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Home Depot Stock Down 1.3 %

Home Depot stock traded down $4.87 during midday trading on Friday, hitting $357.86. 2,979,134 shares of the stock were exchanged, compared to its average volume of 3,449,518. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $355.72 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The business's 50-day moving average price is $389.98 and its 200-day moving average price is $398.60. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The business's revenue was up 14.1% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.57%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. 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.