Lee Danner & Bass Inc. Increases Position in The Home Depot, Inc. (NYSE:HD)

Lee Danner & Bass Inc. raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,779 shares of the home improvement retailer's stock after purchasing an additional 1,807 shares during the period. Home Depot accounts for 0.9% of Lee Danner & Bass Inc.'s investment portfolio, making the stock its 27th biggest position. Lee Danner & Bass Inc.'s holdings in Home Depot were worth $11,195,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HD. SYM FINANCIAL Corp increased its holdings in shares of Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock worth $777,000 after buying an additional 289 shares during the last quarter. Swedbank AB increased its stake in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after acquiring an additional 132,967 shares during the last quarter. Principal Financial Group Inc. increased its stake in Home Depot by 10.7% in the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after acquiring an additional 141,915 shares during the last quarter. United Bank raised its position in Home Depot by 4.2% during the third quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock valued at $1,806,000 after purchasing an additional 181 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in Home Depot by 8.3% during the third quarter. Citizens Financial Group Inc. RI now owns 100,695 shares of the home improvement retailer's stock worth $40,801,000 after purchasing an additional 7,712 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on HD shares. Piper Sandler reduced their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday. Truist Financial reduced their price target 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. Royal Bank of Canada lowered their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Nine equities research 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Trading Up 3.7 %

Shares of HD traded up $12.82 during trading hours on Monday, reaching $363.97. 4,022,527 shares of the company traded hands, compared to its average volume of 3,219,448. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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 company's fifty day moving average price is $393.46 and its two-hundred day moving average price is $399.16. The company has a market capitalization of $361.55 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the previous year, the firm posted $2.82 EPS. The business's revenue was up 14.1% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. Home Depot's dividend 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.