Stevens Capital Management LP Decreases Position in The Home Depot, Inc. (NYSE:HD)

Stevens Capital Management LP cut its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 84.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 997 shares of the home improvement retailer's stock after selling 5,478 shares during the period. Stevens Capital Management LP's holdings in Home Depot were worth $388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Home Depot during the fourth quarter valued at about $2,212,546,000. Proficio Capital Partners LLC boosted its position in shares of Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after purchasing an additional 2,030,372 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Home Depot in the 3rd quarter valued at approximately $336,231,000. FMR LLC raised its position in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after purchasing an additional 795,438 shares during the period. Finally, Amundi raised its position in Home Depot by 8.6% in the fourth quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock valued at $2,925,498,000 after purchasing an additional 599,490 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Home Depot stock traded up $0.83 during mid-day trading on Thursday, reaching $362.96. 3,035,092 shares of the company were exchanged, compared to its average volume of 3,218,123. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market cap of $360.55 billion, a PE ratio of 24.66, 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 firm's 50-day simple moving average is $391.94 and its two-hundred day simple moving average is $398.90.

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Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The firm 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%. The firm's revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 earnings per share. Equities analysts predict 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. Investors of record on Thursday, March 13th will be paid a $2.30 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. Home Depot's dividend payout ratio (DPR) is 61.66%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HD shares. Robert W. Baird dropped their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. 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. Wells Fargo & Company lifted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $435.85.

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.