River Global Investors LLP Sells 1,970 Shares of The Home Depot, Inc. (NYSE:HD)

River Global Investors LLP reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,356 shares of the home improvement retailer's stock after selling 1,970 shares during the quarter. River Global Investors LLP's holdings in Home Depot were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HD. SYM FINANCIAL Corp lifted its position in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock valued at $777,000 after acquiring an additional 289 shares in the last quarter. Wealth Group Ltd. bought a new position in Home Depot in the 3rd quarter valued at approximately $217,000. Swedbank AB lifted its position in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after acquiring an additional 132,967 shares in the last quarter. Principal Financial Group Inc. lifted its position in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after acquiring an additional 141,915 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in Home Depot by 1.1% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 22,494 shares of the home improvement retailer's stock valued at $9,115,000 after acquiring an additional 250 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts recently issued reports on HD shares. Wells Fargo & Company upped 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. JPMorgan Chase & Co. upped their price objective on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial decreased their target price on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Piper Sandler decreased their target price on shares of Home Depot from $455.00 to $435.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $436.50.

Home Depot Price Performance

Home Depot stock traded down $5.08 during mid-day trading on Friday, hitting $376.66. The stock had a trading volume of 4,572,916 shares, compared to its average volume of 3,351,697. The firm has a market capitalization of $374.16 billion, a P/E ratio of 25.59, a P/E/G 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. The firm's 50 day moving average is $400.21 and its 200 day moving average is $399.81. 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 issued its 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 during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 2.44%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. 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.