Jones Financial Companies Lllp Acquires 25,212 Shares of The Home Depot, Inc. (NYSE:HD)

Jones Financial Companies Lllp increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 39.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,815 shares of the home improvement retailer's stock after acquiring an additional 25,212 shares during the period. Jones Financial Companies Lllp's holdings in Home Depot were worth $34,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Home Depot by 2.0% during the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock valued at $8,767,449,000 after buying an additional 433,126 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Home Depot by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock valued at $3,715,668,000 after buying an additional 125,441 shares during the last quarter. FMR LLC grew its stake in shares of Home Depot by 10.1% during 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 buying an additional 795,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Home Depot by 5.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer's stock valued at $3,253,952,000 after buying an additional 409,890 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Home Depot by 0.3% during the third quarter. Swiss National Bank now owns 2,943,400 shares of the home improvement retailer's stock valued at $1,192,666,000 after buying an additional 9,200 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD traded down $8.14 during trading hours on Tuesday, reaching $381.55. The company had a trading volume of 4,383,596 shares, compared to its average volume of 3,308,175. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a market cap of $379.02 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 4.03 and a beta of 1.05. The firm's 50 day moving average price is $401.00 and its 200-day moving average price is $399.71.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm's revenue was up 14.1% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Piper Sandler dropped their target price on shares of Home Depot from $455.00 to $435.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Wedbush restated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $436.50.

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.