GKV Capital Management Co. Inc. Purchases Shares of 2,000 The Home Depot, Inc. (NYSE:HD)

GKV Capital Management Co. Inc. bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the home improvement retailer's stock, valued at approximately $778,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter worth $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot during the 4th quarter worth $32,000. Marshall Investment Management LLC bought a new stake in Home Depot during the fourth quarter valued at about $41,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 2.6 %

Home Depot stock traded up $8.86 during midday trading on Friday, hitting $354.85. 3,231,380 shares of the stock were exchanged, compared to its average volume of 3,469,143. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. 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 $352.73 billion, a PE ratio of 24.11, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a fifty day simple moving average of $369.30 and a two-hundred day simple moving average of $394.32.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates 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 last year, the firm posted $2.82 earnings per share. Home Depot's revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate 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 of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.59%. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial cut their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. 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. Royal Bank of Canada decreased their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" 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 restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Ten investment 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.