BI Asset Management Fondsmaeglerselskab A S Purchases 21,604 Shares of The Home Depot, Inc. (NYSE:HD)

BI Asset Management Fondsmaeglerselskab A S boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,195 shares of the home improvement retailer's stock after buying an additional 21,604 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Home Depot were worth $42,476,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. POM Investment Strategies LLC grew its position in Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after buying an additional 24 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in shares of Home Depot by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after acquiring an additional 24 shares during the last quarter. Marino Stram & Associates LLC lifted its holdings in shares of Home Depot by 2.3% during the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after purchasing an additional 25 shares during the last quarter. Live Oak Private Wealth LLC boosted its position in shares of Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after purchasing an additional 25 shares during the period. Finally, Mezzasalma Advisors LLC raised its holdings in Home Depot by 4.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after buying an additional 25 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock traded down $8.03 on Monday, reaching $347.03. The stock had a trading volume of 4,011,220 shares, compared to its average volume of 3,472,898. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The business's 50-day moving average price is $369.30 and its two-hundred day moving average price is $394.08. 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 has a market cap of $344.96 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

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 the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period last year, the business posted $2.82 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. On average, sell-side 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. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.65%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is 61.66%.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial reduced their target price on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price target on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $434.08.

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.