Loomis Sayles & Co. L P Has $307.79 Million Stake in The Home Depot, Inc. (NYSE:HD)

Loomis Sayles & Co. L P lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 791,257 shares of the home improvement retailer's stock after selling 36,717 shares during the period. Loomis Sayles & Co. L P owned approximately 0.08% of Home Depot worth $307,792,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the fourth quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot during the fourth quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new position in Home Depot in the 3rd quarter valued at approximately $41,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $41,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and boosted their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Piper Sandler dropped their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Robert W. Baird reduced 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. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Royal Bank of Canada cut their price target on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $435.85.

Remove Ads

Home Depot Trading Down 1.3 %

HD stock traded down $4.87 during midday trading on Friday, hitting $357.86. 2,979,134 shares of the company's stock were exchanged, compared to its average volume of 3,449,521. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $355.72 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The stock's fifty day moving average price is $389.98 and its 200-day moving average price is $398.80. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The business's revenue was up 14.1% on a year-over-year basis. Research analysts predict 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 given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.57%. Home Depot's payout ratio is 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.