The Home Depot, Inc. (NYSE:HD) Shares Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 39.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,187 shares of the home improvement retailer's stock after purchasing an additional 2,044 shares during the quarter. Savvy Advisors Inc.'s holdings in Home Depot were worth $2,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $32,000. Marshall Investment Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $41,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 1.1 %

Home Depot stock traded up $4.06 during midday trading on Tuesday, reaching $361.26. The stock had a trading volume of 188,939 shares, compared to its average volume of 3,474,470. The stock's 50-day simple moving average is $374.14 and its 200 day simple moving average is $395.67. The stock has a market capitalization of $359.11 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Remove Ads

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 earnings per share. Analysts expect 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 was paid on Thursday, March 27th. Shareholders 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 annualized dividend and a yield of 2.55%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. Piper Sandler decreased their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Company 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.