Coldstream Capital Management Inc. Purchases 2,301 Shares of The Home Depot, Inc. (NYSE:HD)

Coldstream Capital Management Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,419 shares of the home improvement retailer's stock after buying an additional 2,301 shares during the period. Coldstream Capital Management Inc.'s holdings in Home Depot were worth $14,945,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. K.J. Harrison & Partners Inc boosted its position in Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after acquiring an additional 3,873 shares during the last quarter. Pensionfund Sabic increased its stake in shares of Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock worth $4,357,000 after purchasing an additional 3,800 shares during the period. Wedmont Private Capital lifted its holdings in Home Depot by 12.5% during the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Disciplined Investors L.L.C. bought a new position in Home Depot during the 4th quarter worth $409,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HD shares. Robert W. Baird decreased their price target on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Truist Financial decreased their price target on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Trading Down 0.2 %

HD stock traded down $0.73 during trading on Monday, hitting $356.85. 2,403,485 shares of the company traded hands, compared to its average volume of 3,460,764. 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a 50-day moving average of $363.97 and a 200-day moving average of $392.11. The firm has a market capitalization of $354.72 billion, a PE ratio of 24.24, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last announced 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 business had revenue of $39.70 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 EPS. Analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.58%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is 61.66%.

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.