O Shaughnessy Asset Management LLC Purchases 17,615 Shares of The Home Depot, Inc. (NYSE:HD)

O Shaughnessy Asset Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,023 shares of the home improvement retailer's stock after acquiring an additional 17,615 shares during the period. Home Depot comprises 0.6% of O Shaughnessy Asset Management LLC's holdings, making the stock its 29th largest holding. O Shaughnessy Asset Management LLC's holdings in Home Depot were worth $68,471,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter worth $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at $32,000. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $39,000. Finally, NewSquare Capital LLC grew its position 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. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 2.5 %

HD stock traded up $8.80 during trading on Monday, reaching $366.95. The stock had a trading volume of 4,497,917 shares, compared to its average volume of 3,453,700. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $364.76 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company's 50 day moving average is $389.98 and its two-hundred day moving average is $398.99.

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Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates 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 for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.51%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Wedbush restated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Nine research 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. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average 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.