Peachtree Investment Partners LLC Lowers Stake in The Home Depot, Inc. (NYSE:HD)

Peachtree Investment Partners LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,968 shares of the home improvement retailer's stock after selling 1,494 shares during the quarter. Home Depot comprises 4.7% of Peachtree Investment Partners LLC's investment portfolio, making the stock its 8th largest position. Peachtree Investment Partners LLC's holdings in Home Depot were worth $12,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of Nova Scotia boosted its stake in Home Depot by 34.0% in the fourth quarter. Bank of Nova Scotia now owns 376,808 shares of the home improvement retailer's stock worth $146,616,000 after buying an additional 95,586 shares in the last quarter. FIL Ltd boosted its stake in shares of Home Depot by 14.3% in the 4th quarter. FIL Ltd now owns 120,618 shares of the home improvement retailer's stock valued at $46,919,000 after purchasing an additional 15,075 shares in the last quarter. Shelton Capital Management grew its holdings in shares of Home Depot by 18.7% during the 4th quarter. Shelton Capital Management now owns 51,038 shares of the home improvement retailer's stock valued at $19,853,000 after purchasing an additional 8,058 shares during the last quarter. Canopy Partners LLC raised its position in Home Depot by 1.7% in the 4th quarter. Canopy Partners LLC now owns 2,346 shares of the home improvement retailer's stock worth $913,000 after purchasing an additional 39 shares during the period. Finally, Elgethun Capital Management lifted its stake in Home Depot by 5.4% in the fourth quarter. Elgethun Capital Management now owns 2,899 shares of the home improvement retailer's stock worth $1,128,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial decreased their price objective on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a report on Tuesday. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Piper Sandler cut 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. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Ten investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $434.08.

Home Depot Stock Down 0.0 %

HD traded down $0.00 during midday trading on Friday, reaching $353.62. The company's stock had a trading volume of 3,574,295 shares, compared to its average volume of 3,489,908. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock's 50-day moving average is $375.29 and its 200-day moving average is $395.97. The firm has a market capitalization of $351.51 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.03 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 EPS. As a group, research analysts expect 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. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. Home Depot's payout ratio 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.