UniSuper Management Pty Ltd Increases Holdings in The Home Depot, Inc. (NYSE:HD)

UniSuper Management Pty Ltd boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 17.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,529 shares of the home improvement retailer's stock after purchasing an additional 13,193 shares during the quarter. UniSuper Management Pty Ltd's holdings in Home Depot were worth $34,826,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HD. Raymond James Financial Inc. bought a new position in Home Depot in the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC boosted its position in Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after buying an additional 2,030,372 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Home Depot by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after buying an additional 875,836 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Home Depot in the 3rd quarter valued at $336,231,000. Finally, Amundi boosted its holdings in shares of Home Depot by 8.6% during the 4th quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock valued at $2,925,498,000 after acquiring an additional 599,490 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. JPMorgan Chase & Co. lifted their price target on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Robert W. Baird lowered their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Piper Sandler dropped their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Truist Financial dropped their target price on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their target price 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 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. According to MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $435.85.

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Home Depot Price Performance

NYSE:HD traded down $4.87 during trading hours on Friday, hitting $357.86. 2,979,134 shares of the company's stock traded hands, compared to its average volume of 3,449,521. The firm has a market cap of $355.72 billion, a P/E ratio of 24.31, a P/E/G 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 business's fifty day simple moving average is $389.98 and its two-hundred day simple moving average is $398.80. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (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 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 quarter last year, the company posted $2.82 EPS. On average, research analysts anticipate 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 was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, March 13th. Home Depot's payout ratio is currently 61.66%.

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.