F M Investments LLC Cuts Stake in The Home Depot, Inc. (NYSE:HD)

F M Investments LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,755 shares of the home improvement retailer's stock after selling 9,865 shares during the period. Home Depot accounts for approximately 1.3% of F M Investments LLC's holdings, making the stock its 14th biggest position. F M Investments LLC's holdings in Home Depot were worth $34,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. One Degree Advisors Inc raised its stake in shares of Home Depot by 91.7% in the fourth quarter. One Degree Advisors Inc now owns 964 shares of the home improvement retailer's stock worth $401,000 after buying an additional 461 shares during the period. Bessemer Group Inc. raised its position in shares of Home Depot by 25.8% during the 4th quarter. Bessemer Group Inc. now owns 627,502 shares of the home improvement retailer's stock valued at $244,092,000 after purchasing an additional 128,668 shares during the period. Fortune 45 LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $201,000. TRUE Private Wealth Advisors boosted its holdings in Home Depot by 4.6% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,341 shares of the home improvement retailer's stock worth $522,000 after buying an additional 59 shares during the period. Finally, Tandem Investment Partners LLC bought a new stake in Home Depot during the fourth quarter valued at about $802,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on 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 cut their target price on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wedbush reiterated an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Robert W. Baird decreased their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $434.08.

Home Depot Stock Performance

Shares of NYSE HD traded up $1.08 during mid-day trading on Monday, hitting $354.94. The stock had a trading volume of 885,501 shares, compared to its average volume of 3,479,596. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market cap of $352.82 billion, a PE ratio of 24.11, a PEG ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a 50 day moving average of $375.29 and a two-hundred day moving average of $395.97.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) 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 net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $2.82 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is currently 61.66%.

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.