Mariner LLC Has $378.06 Million Stake in The Home Depot, Inc. (NYSE:HD)

Mariner LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 971,892 shares of the home improvement retailer's stock after acquiring an additional 61,593 shares during the quarter. Home Depot makes up approximately 0.6% of Mariner LLC's holdings, making the stock its 27th biggest holding. Mariner LLC owned 0.10% of Home Depot worth $378,060,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HD. Synergy Asset Management LLC bought a new stake in Home Depot in the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $41,000. Finally, Sellwood Investment Partners LLC bought a new position in Home Depot in the 4th quarter worth approximately $39,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 0.9 %

NYSE:HD traded up $3.06 during trading hours on Monday, hitting $356.92. 2,841,813 shares of the company's stock traded hands, compared to its average volume of 3,487,086. The stock's fifty day moving average price is $374.14 and its two-hundred day moving average price is $395.67. The firm has a market cap of $354.79 billion, a P/E ratio of 24.25, a P/E/G ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last issued its 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 company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is 61.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HD shares. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Truist Financial reduced their price objective on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. 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 research note on Monday, March 24th. Finally, Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $434.08.

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.