Level Four Advisory Services LLC Trims Stake in The Home Depot, Inc. (NYSE:HD)

Level Four Advisory Services LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,922 shares of the home improvement retailer's stock after selling 816 shares during the period. Home Depot comprises approximately 0.6% of Level Four Advisory Services LLC's portfolio, making the stock its 26th biggest holding. Level Four Advisory Services LLC's holdings in Home Depot were worth $15,141,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the 4th quarter worth approximately $32,000. Sellwood Investment Partners LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC boosted its stake in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after purchasing an additional 68 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD traded up $4.77 during mid-day trading on Monday, reaching $362.92. The company's stock had a trading volume of 1,276,401 shares, compared to its average volume of 3,441,009. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $360.75 billion, a P/E ratio of 24.67, a PEG ratio of 4.03 and a beta of 1.09. The firm's fifty day moving average price is $389.98 and its two-hundred day moving average price is $398.99. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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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 for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The firm's quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts forecast 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 issued a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is presently 61.66%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Truist Financial cut their price target on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Robert W. Baird decreased their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Wedbush reaffirmed an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.