OneAscent Financial Services LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

OneAscent Financial Services LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 71.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,014 shares of the home improvement retailer's stock after acquiring an additional 2,510 shares during the quarter. OneAscent Financial Services LLC's holdings in Home Depot were worth $2,339,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. POM Investment Strategies LLC increased its position in shares of Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after purchasing an additional 24 shares in the last quarter. Center for Financial Planning Inc. grew its stake in 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 worth $1,810,000 after buying an additional 24 shares during the last quarter. Insight Inv LLC increased its position in Home Depot by 2.0% during the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after buying an additional 25 shares during the period. Marino Stram & Associates LLC lifted its stake in Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after buying an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC boosted its holdings in shares of Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently commented on HD shares. 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 report on Monday, March 24th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Robert W. Baird reduced their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Price Performance

NYSE:HD traded down $2.13 during mid-day trading on Friday, hitting $353.78. 7,527,472 shares of the company's stock traded hands, compared to its average volume of 3,457,053. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market cap of $351.67 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. 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 firm's 50 day simple moving average is $384.89 and its 200 day simple moving average is $398.15.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during 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 company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is presently 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.