Treasurer of the State of North Carolina Has $188.61 Million Stake in The Home Depot, Inc. (NYSE:HD)

Treasurer of the State of North Carolina raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 484,877 shares of the home improvement retailer's stock after buying an additional 51,190 shares during the quarter. Home Depot accounts for 0.7% of Treasurer of the State of North Carolina's portfolio, making the stock its 18th largest position. Treasurer of the State of North Carolina's holdings in Home Depot were worth $188,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after acquiring an additional 875,836 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after purchasing an additional 257,036 shares during the period. Norges Bank purchased a new position in Home Depot during the fourth quarter valued at approximately $5,032,910,000. Fisher Asset Management LLC increased its stake in Home Depot by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock valued at $3,715,668,000 after buying an additional 125,441 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Home Depot by 5.5% during the fourth quarter. Alliancebernstein L.P. now owns 9,052,091 shares of the home improvement retailer's stock worth $3,521,173,000 after acquiring an additional 468,203 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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Home Depot Stock Performance

HD stock traded up $1.80 during trading on Monday, reaching $355.66. 1,004,211 shares of the stock were exchanged, compared to its average volume of 3,479,902. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $353.54 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The stock has a 50 day simple moving average of $375.29 and a 200-day simple moving average of $395.97.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion for 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 quarter last year, the firm earned $2.82 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial dropped their target price on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Gordon Haskett downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Wells Fargo & Company upped their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Ten 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 company. Based on data from MarketBeat, the stock 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.