The Home Depot, Inc. (NYSE:HD) Shares Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,004 shares of the home improvement retailer's stock after buying an additional 762 shares during the period. Nicolet Advisory Services LLC's holdings in Home Depot were worth $7,410,000 at the end of the most recent reporting period.

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

Home Depot Stock Down 0.6 %

Shares of HD stock traded down $2.13 during trading hours on Friday, reaching $353.78. 7,527,472 shares of the company's stock were exchanged, compared to its average volume of 3,457,907. The stock has a market cap of $351.67 billion, a PE ratio of 24.03, a PEG ratio of 4.03 and a beta of 1.08. 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's fifty day moving average price is $384.89 and its two-hundred day moving average price is $398.25. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the business posted $2.82 EPS. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company 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 was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. Piper Sandler lowered their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price 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. 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 on the stock in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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.