Sei Investments Co. Has $91.96 Million Stake in The Home Depot, Inc. (NYSE:HD)

Sei Investments Co. grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 236,407 shares of the home improvement retailer's stock after purchasing an additional 5,504 shares during the quarter. Sei Investments Co.'s holdings in Home Depot were worth $91,963,000 at the end of the most recent reporting period.

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

Home Depot Stock Performance

Shares of HD stock traded up $1.02 on Wednesday, reaching $362.01. The stock had a trading volume of 3,140,663 shares, compared to its average volume of 3,216,314. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market capitalization of $359.61 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 4.03 and a beta of 1.09. The firm's 50-day moving average is $392.82 and its two-hundred day moving average is $399.16. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS 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 given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.54%. 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 payout ratio is 61.66%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HD. Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, Piper Sandler lowered their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday. Nine investment 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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.