The Home Depot, Inc. (NYSE:HD) is Alley Investment Management Company LLC's 9th Largest Position

Alley Investment Management Company LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,639 shares of the home improvement retailer's stock after acquiring an additional 1,060 shares during the quarter. Home Depot accounts for about 2.6% of Alley Investment Management Company LLC's holdings, making the stock its 9th biggest holding. Alley Investment Management Company LLC's holdings in Home Depot were worth $20,865,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HD. Proficio Capital Partners LLC lifted its stake in Home Depot by 21,394.9% during the fourth 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Home Depot during the third quarter worth approximately $336,231,000. FMR LLC raised its holdings in Home Depot by 10.1% during the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after purchasing an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock worth $280,932,000 after buying an additional 518,054 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Home Depot by 37,025.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer's stock valued at $187,019,000 after buying an additional 479,485 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Wedbush restated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Piper Sandler decreased their price target 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. Robert W. Baird dropped their price target on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Evercore ISI upped their price objective on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $436.50.

Home Depot Trading Down 2.1 %

Home Depot stock traded down $8.14 during midday trading on Tuesday, reaching $381.55. The stock had a trading volume of 4,383,596 shares, compared to its average volume of 3,308,175. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market capitalization of $379.02 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 stock's 50-day simple moving average is $401.00 and its 200 day simple moving average is $399.71.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 firm also recently declared 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 of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.41%. Home Depot's payout ratio is 61.66%.

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.