13,320 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,320 shares of the home improvement retailer's stock, valued at approximately $5,181,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. POM Investment Strategies LLC raised its position in shares of Home Depot by 1.1% in the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after acquiring an additional 24 shares in the last quarter. Center for Financial Planning Inc. raised its holdings in Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after purchasing an additional 24 shares in the last quarter. Insight Inv LLC lifted its position in shares of Home Depot by 2.0% during the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock valued at $505,000 after buying an additional 25 shares during the last quarter. Marino Stram & Associates LLC boosted its holdings in shares of Home Depot by 2.3% in the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after buying an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC boosted its holdings in shares of Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after buying an additional 25 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms recently commented on HD. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Guggenheim reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. 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. Finally, Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $436.50.

Home Depot Stock Performance

NYSE:HD traded down $6.17 during trading hours on Tuesday, reaching $368.49. The company had a trading volume of 4,011,589 shares, compared to its average volume of 3,373,876. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business's 50 day moving average price is $399.91 and its 200-day moving average price is $400.08. The firm has a market cap of $366.04 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

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 the consensus estimate 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 net margin of 9.45% and a return on equity of 452.60%. The business's revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot's dividend payout ratio (DPR) is 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.