Disciplined Investors L.L.C. Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Disciplined Investors L.L.C. acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,050 shares of the home improvement retailer's stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. SevenBridge Financial Group LLC raised its holdings in Home Depot by 11.4% during the fourth quarter. SevenBridge Financial Group LLC now owns 9,839 shares of the home improvement retailer's stock valued at $4,097,000 after buying an additional 1,004 shares in the last quarter. OneAscent Financial Services LLC raised its stake in shares of Home Depot by 71.6% in the 4th quarter. OneAscent Financial Services LLC now owns 6,014 shares of the home improvement retailer's stock valued at $2,339,000 after acquiring an additional 2,510 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in Home Depot in the 4th quarter worth approximately $557,000. Private Portfolio Partners LLC boosted its position in Home Depot by 2.2% during the fourth quarter. Private Portfolio Partners LLC now owns 2,956 shares of the home improvement retailer's stock worth $1,150,000 after purchasing an additional 64 shares during the period. Finally, Intrepid Capital Management Inc. acquired a new position in Home Depot during the fourth quarter valued at approximately $212,000. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.6 %

HD traded down $2.13 during mid-day trading on Friday, hitting $353.78. The stock had a trading volume of 7,527,472 shares, compared to its average volume of 3,457,907. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market capitalization of $351.67 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. 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 stock's fifty day simple moving average is $384.89 and its 200-day simple moving average is $398.25.

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 (EPS) for the quarter, beating analysts' consensus estimates 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%. The company's revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal 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 paid a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HD shares. Wedbush reiterated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial lowered their target price on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Ten research 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 has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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.