Venture Visionary Partners LLC Increases Stake in The Home Depot, Inc. (NYSE:HD)

Venture Visionary Partners LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 85.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,832 shares of the home improvement retailer's stock after buying an additional 35,924 shares during the period. Home Depot accounts for 0.9% of Venture Visionary Partners LLC's portfolio, making the stock its 23rd biggest position. Venture Visionary Partners LLC's holdings in Home Depot were worth $30,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter worth $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth $32,000. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $39,000. Finally, NewSquare Capital LLC increased its holdings in Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Home Depot stock traded down $2.13 during midday trading on Friday, reaching $353.78. 7,527,472 shares of the stock traded hands, compared to its average volume of 3,457,907. 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 12 month low of $323.77 and a 12 month high of $439.37. The stock's fifty day moving average is $384.89 and its 200-day moving average is $398.25. The stock has a market cap of $351.67 billion, a P/E ratio of 24.03, a PEG ratio of 4.03 and a beta of 1.08.

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Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the firm posted $2.82 earnings per share. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Robert W. Baird dropped their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company upped their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Truist Financial dropped their price objective on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Gordon Haskett downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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.