The Home Depot, Inc. (NYSE:HD) Stock Holdings Lessened by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 296,719 shares of the home improvement retailer's stock after selling 90,510 shares during the quarter. Home Depot comprises about 1.6% of Sterling Capital Management LLC's holdings, making the stock its 13th largest holding. Sterling Capital Management LLC's holdings in Home Depot were worth $115,421,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. K.J. Harrison & Partners Inc lifted its position in shares of Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after buying an additional 3,873 shares during the period. Pensionfund Sabic grew its position in shares of Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after buying an additional 3,800 shares during the last quarter. Wedmont Private Capital raised its stake in Home Depot by 12.5% during the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after acquiring an additional 1,506 shares during the period. Finally, Disciplined Investors L.L.C. acquired a new position in Home Depot in the fourth quarter valued at approximately $409,000. 70.86% of the stock is owned by institutional investors and hedge funds.

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Home Depot Trading Down 0.7 %

HD traded down $2.50 during trading on Tuesday, reaching $354.70. The company had a trading volume of 1,073,821 shares, compared to its average volume of 3,477,764. The firm's 50-day simple moving average is $374.14 and its 200 day simple moving average is $395.67. The company has a market cap of $352.58 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last released 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 business had revenue of $39.70 billion for 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%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. Equities research 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. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is presently 61.66%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Wells Fargo & Company raised their target price on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Truist Financial decreased their target price on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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 stock. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $434.08.

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.