Keystone Financial Group Acquires 4,346 Shares of The Home Depot, Inc. (NYSE:HD)

Keystone Financial Group grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 71.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,430 shares of the home improvement retailer's stock after purchasing an additional 4,346 shares during the period. Keystone Financial Group's holdings in Home Depot were worth $4,136,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $32,000. Marshall Investment Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $41,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Home Depot in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

NYSE:HD traded up $4.06 during mid-day trading on Tuesday, reaching $361.26. The stock had a trading volume of 188,939 shares, compared to its average volume of 3,474,470. The stock has a 50-day simple moving average of $374.14 and a two-hundred day simple moving average of $395.67. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. 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 capitalization of $359.11 billion, a PE ratio of 24.48, a P/E/G ratio of 4.03 and a beta of 1.09.

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Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping 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 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 period last year, the company earned $2.82 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share 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. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Gordon Haskett downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial cut their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on shares of 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 shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.