Groupama Asset Managment Acquires 15,209 Shares of The Home Depot, Inc. (NYSE:HD)

Groupama Asset Managment lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,601 shares of the home improvement retailer's stock after acquiring an additional 15,209 shares during the quarter. Groupama Asset Managment's holdings in Home Depot were worth $22,042,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Alliance Wealth Management Group raised its holdings in Home Depot by 125.1% in the fourth quarter. Alliance Wealth Management Group now owns 1,614 shares of the home improvement retailer's stock valued at $628,000 after acquiring an additional 897 shares in the last quarter. Trexquant Investment LP acquired a new position in Home Depot in the fourth quarter worth about $6,671,000. May Hill Capital LLC bought a new stake in Home Depot in the fourth quarter valued at about $633,000. Invenio Wealth Partners LLC grew its position in shares of Home Depot by 1.8% in the 4th quarter. Invenio Wealth Partners LLC now owns 1,697 shares of the home improvement retailer's stock worth $660,000 after acquiring an additional 30 shares in the last quarter. Finally, PFC Capital Group Inc. raised its position in shares of Home Depot by 0.7% during the 4th quarter. PFC Capital Group Inc. now owns 18,420 shares of the home improvement retailer's stock valued at $7,165,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Up 1.6 %

NYSE HD traded up $5.73 during trading hours on Wednesday, hitting $371.25. The company's stock had a trading volume of 3,178,686 shares, compared to its average volume of 3,441,778. 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 capitalization of $369.03 billion, a P/E ratio of 25.22, a PEG ratio of 4.03 and a beta of 1.08. 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 fifty day moving average of $388.06 and a 200 day moving average of $398.84.

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Home Depot (NYSE:HD - Get Free Report) last issued its 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 firm had revenue of $39.70 billion for 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% compared to the same quarter last year. During the same quarter last year, the business earned $2.82 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm 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 an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio is 61.66%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HD shares. Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Wedbush reissued an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their target price on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Truist Financial reduced their price target on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Robert W. Baird dropped their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

About Home Depot

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.