IQ EQ FUND MANAGEMENT IRELAND Ltd Has $6.66 Million Stake in The Home Depot, Inc. (NYSE:HD)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,111 shares of the home improvement retailer's stock after selling 1,997 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Home Depot were worth $6,656,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HD. K.J. Harrison & Partners Inc boosted its position in Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Home Depot by 19.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after buying an additional 3,873 shares during the period. Pensionfund Sabic grew its stake in Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after buying an additional 3,800 shares during the last quarter. Wedmont Private Capital raised its holdings in Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after acquiring an additional 1,506 shares during the period. Finally, Johnson & White Wealth Management LLC acquired a new position in Home Depot during the 4th quarter worth $1,793,000. Institutional investors and hedge funds own 70.86% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on HD shares. Wedbush reissued an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Robert W. Baird dropped their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Finally, Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Price Performance

NYSE:HD traded down $4.87 during mid-day trading on Friday, reaching $357.86. 2,979,134 shares of the company were exchanged, compared to its average volume of 3,449,521. 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 cap of $355.72 billion, a PE ratio of 24.31, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a fifty day moving average of $389.98 and a 200 day moving average of $398.80.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The business 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 quarter last year, the business posted $2.82 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.57%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Home Depot 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.