Prudential Financial Inc. Sells 164,121 Shares of The Home Depot, Inc. (NYSE:HD)

Prudential Financial Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 16.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 863,940 shares of the home improvement retailer's stock after selling 164,121 shares during the period. Prudential Financial Inc. owned 0.09% of Home Depot worth $336,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the 4th quarter valued at $32,000. NewSquare Capital LLC increased its holdings in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after purchasing an additional 68 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the third quarter worth $41,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HD shares. Wells Fargo & Company increased their price objective on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and lifted their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Truist Financial lowered their price objective on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted 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. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

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Home Depot Price Performance

HD traded up $0.83 on Thursday, hitting $362.96. 3,035,092 shares of the company's stock traded hands, compared to its average volume of 3,220,848. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company's 50 day simple moving average is $391.01 and its 200-day simple moving average is $398.65. 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 firm has a market cap of $360.55 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The business's revenue was up 14.1% on a year-over-year basis. As a group, research 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. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot's dividend payout ratio is 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.