Stifel Financial Corp Has $978.34 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Stifel Financial Corp lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,514,908 shares of the home improvement retailer's stock after selling 11,025 shares during the period. Home Depot comprises 1.0% of Stifel Financial Corp's portfolio, making the stock its 10th largest holding. Stifel Financial Corp owned 0.25% of Home Depot worth $978,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $32,000. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC increased its stake in shares of 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 purchasing an additional 68 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.7 %

Home Depot stock traded up $2.60 during midday trading on Wednesday, hitting $357.03. The stock had a trading volume of 3,282,704 shares, compared to its average volume of 3,469,995. The business has a fifty day moving average price of $366.92 and a 200 day moving average price of $393.38. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market cap of $354.90 billion, a P/E ratio of 24.25, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS 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 analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.58%. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial lowered their target price on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. HSBC raised 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 research note on Wednesday, February 26th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird cut their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $434.08.

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.