Public Employees Retirement Association of Colorado Acquires 2,279 Shares of The Home Depot, Inc. (NYSE:HD)

Public Employees Retirement Association of Colorado grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,530 shares of the home improvement retailer's stock after purchasing an additional 2,279 shares during the quarter. Home Depot makes up approximately 0.8% of Public Employees Retirement Association of Colorado's investment portfolio, making the stock its 26th largest holding. Public Employees Retirement Association of Colorado's holdings in Home Depot were worth $192,756,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Home Depot by 10.7% during the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after buying an additional 141,915 shares in the last quarter. Morse Asset Management Inc grew its stake in Home Depot by 12.9% during the third quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock worth $12,357,000 after buying an additional 3,493 shares in the last quarter. Invst LLC grew its stake in Home Depot by 1.7% during the third quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock worth $2,719,000 after buying an additional 115 shares in the last quarter. McIlrath & Eck LLC grew its stake in Home Depot by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock worth $1,089,000 after buying an additional 115 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new stake in Home Depot during the third quarter worth about $1,027,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.6 %

Shares of HD stock traded up $2.13 on Tuesday, reaching $359.05. 2,836,868 shares of the company were exchanged, compared to its average volume of 3,461,694. The company has a market cap of $356.91 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 4.03 and a beta of 1.09. The company has a 50-day moving average of $363.21 and a 200-day moving average of $391.72. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.56%. Home Depot's payout ratio is presently 61.66%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Gordon Haskett downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial reduced their price target on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Robert W. Baird reduced their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Wedbush restated an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Ten equities research 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $434.08.

About Home Depot

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.