Lazard Freres Gestion S.A.S. Sells 824 Shares of The Home Depot, Inc. (NYSE:HD)

Lazard Freres Gestion S.A.S. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,495 shares of the home improvement retailer's stock after selling 824 shares during the period. Lazard Freres Gestion S.A.S.'s holdings in Home Depot were worth $10,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Home Depot by 2.0% during the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock worth $8,767,449,000 after purchasing an additional 433,126 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Home Depot by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock worth $3,715,668,000 after purchasing an additional 125,441 shares during the last quarter. FMR LLC increased its holdings in shares of Home Depot by 10.1% during the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after buying an additional 795,438 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Home Depot by 5.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer's stock worth $3,253,952,000 after buying an additional 409,890 shares in the last quarter. Finally, Amundi increased its holdings in shares of Home Depot by 8.6% during the fourth quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock worth $2,925,498,000 after buying an additional 599,490 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price target for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Mizuho upped their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Piper Sandler lowered their price target on shares of Home Depot from $455.00 to $435.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $436.50.

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Home Depot Price Performance

HD stock opened at $364.82 on Thursday. The stock has a market capitalization of $362.39 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company's 50-day moving average is $399.01 and its 200-day moving average is $399.78. 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.

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 analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed 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. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. 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. Home Depot's dividend payout ratio 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.

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