Demars Financial Group LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Demars Financial Group LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 38,509.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,924 shares of the home improvement retailer's stock after acquiring an additional 539,523 shares during the quarter. Home Depot accounts for about 0.7% of Demars Financial Group LLC's portfolio, making the stock its 21st largest position. Demars Financial Group LLC owned 0.05% of Home Depot worth $210,414,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. MSH Capital Advisors LLC acquired a new position in Home Depot in the fourth quarter valued at $644,000. NewEdge Advisors LLC boosted its holdings in Home Depot by 8.2% in the fourth quarter. NewEdge Advisors LLC now owns 198,725 shares of the home improvement retailer's stock worth $77,302,000 after acquiring an additional 15,123 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in Home Depot by 17.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 139,305 shares of the home improvement retailer's stock worth $54,188,000 after buying an additional 20,767 shares during the last quarter. Stenger Family Office LLC purchased a new position in Home Depot during the 4th quarter worth $3,400,000. Finally, Master S Wealth Management Inc. purchased a new position in shares of Home Depot in the 4th quarter worth approximately $485,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE:HD traded down $11.39 during midday trading on Monday, reaching $343.67. 980,225 shares of the company were exchanged, compared to its average volume of 3,461,241. The stock has a market cap of $341.62 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business's fifty day moving average is $369.30 and its two-hundred day moving average is $394.08.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating 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 company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. Home Depot's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's payout ratio is currently 61.66%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HD shares. Wedbush reaffirmed an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Piper Sandler reduced their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Robert W. Baird decreased their price target 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. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Company 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.