Modera Wealth Management LLC Has $32.94 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Modera Wealth Management LLC grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,678 shares of the home improvement retailer's stock after buying an additional 1,335 shares during the period. Modera Wealth Management LLC's holdings in Home Depot were worth $32,939,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. POM Investment Strategies LLC lifted its holdings in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after purchasing an additional 24 shares in the last quarter. Center for Financial Planning Inc. lifted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after purchasing an additional 24 shares in the last quarter. Insight Inv LLC lifted its holdings in shares of Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock valued at $505,000 after purchasing an additional 25 shares in the last quarter. Marino Stram & Associates LLC lifted its holdings in shares of Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after purchasing an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC lifted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of HD stock traded down $8.14 during trading on Tuesday, reaching $381.55. 4,383,596 shares of the company's stock were exchanged, compared to its average volume of 3,308,175. 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 capitalization of $379.02 billion, a PE ratio of 25.92, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm's fifty day moving average price is $401.00 and its 200-day moving average price is $399.71.

Home Depot (NYSE:HD - Get Free Report) last posted its 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. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. During the same period in the previous year, the firm earned $2.82 EPS. The firm's revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.41%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HD shares. Robert W. Baird cut their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Truist Financial cut their target price on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $436.50.

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.