LM Advisors LLC Purchases 2,687 Shares of The Home Depot, Inc. (NYSE:HD)

LM Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 111.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,095 shares of the home improvement retailer's stock after purchasing an additional 2,687 shares during the quarter. LM Advisors LLC's holdings in Home Depot were worth $1,982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. SYM FINANCIAL Corp raised its holdings in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock worth $777,000 after purchasing an additional 289 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after purchasing an additional 141,915 shares during the period. United Bank boosted its position in shares of Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock worth $1,806,000 after purchasing an additional 181 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Home Depot during the third quarter worth $649,000. Finally, Cadence Bank grew its holdings in Home Depot by 5.6% during the third quarter. Cadence Bank now owns 15,678 shares of the home improvement retailer's stock valued at $6,353,000 after purchasing an additional 836 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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Home Depot Stock Performance

Shares of Home Depot stock traded down $4.87 on Friday, hitting $357.86. The stock had a trading volume of 2,979,134 shares, compared to its average volume of 3,449,521. The stock has a market cap of $355.72 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The business's 50 day moving average is $389.98 and its two-hundred day moving average is $398.80.

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, beating analysts' consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.82 EPS. 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 was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.57%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial reduced their target price on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Robert W. Baird reduced their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $435.85.

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.