California Public Employees Retirement System Buys 36,876 Shares of The Home Depot, Inc. (NYSE:HD)

California Public Employees Retirement System grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,494,928 shares of the home improvement retailer's stock after buying an additional 36,876 shares during the quarter. Home Depot makes up about 0.6% of California Public Employees Retirement System's investment portfolio, making the stock its 23rd largest holding. California Public Employees Retirement System owned approximately 0.25% of Home Depot worth $970,502,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Home Depot during the 4th quarter valued at $5,032,910,000. Raymond James Financial Inc. bought a new stake in shares of Home Depot during the 4th quarter valued at about $2,212,546,000. Proficio Capital Partners LLC increased its position in shares of Home Depot by 21,394.9% during 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 during the period. Vanguard Group Inc. raised its stake in Home Depot by 0.9% in 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. Finally, Amundi lifted its holdings in Home Depot by 8.6% in the fourth quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock worth $2,925,498,000 after buying an additional 599,490 shares during the period. 70.86% of the stock is currently owned by institutional investors.

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Home Depot Stock Performance

HD traded up $8.80 during mid-day trading on Monday, reaching $366.95. 4,497,917 shares of the company traded hands, compared to its average volume of 3,453,700. The company's fifty day moving average price is $389.98 and its 200-day moving average price is $398.99. The stock has a market capitalization of $364.76 billion, a P/E ratio of 24.93, 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 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 posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot'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 business earned $2.82 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio is currently 61.66%.

Analyst Ratings Changes

A number of research analysts have weighed in on HD shares. Truist Financial reduced their target price on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and raised their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $435.85.

Home Depot 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.