Hopwood Financial Services Inc. Invests $286,000 in The Home Depot, Inc. (NYSE:HD)

Hopwood Financial Services Inc. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 736 shares of the home improvement retailer's stock, valued at approximately $286,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Knuff & Co LLC raised its position in shares of Home Depot by 1.2% during the fourth quarter. Knuff & Co LLC now owns 8,782 shares of the home improvement retailer's stock worth $3,416,000 after purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its position in Home Depot by 2.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 29,923 shares of the home improvement retailer's stock valued at $11,640,000 after acquiring an additional 607 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Home Depot by 17.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 127,845 shares of the home improvement retailer's stock worth $49,731,000 after acquiring an additional 18,726 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Home Depot by 10.6% in the fourth quarter. HighTower Advisors LLC now owns 1,019,204 shares of the home improvement retailer's stock worth $396,460,000 after buying an additional 97,980 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its stake in Home Depot by 1.3% during the 4th quarter. Moors & Cabot Inc. now owns 44,044 shares of the home improvement retailer's stock valued at $17,133,000 after purchasing an additional 551 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on HD shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial cut their price target on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $436.50.

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Home Depot Stock Performance

Shares of Home Depot stock opened at $368.49 on Wednesday. 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 has a market capitalization of $366.04 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The business has a 50-day moving average of $399.50 and a 200 day moving average of $400.03. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The business 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 company's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

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

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