Ritholtz Wealth Management Acquires 4,250 Shares of The Home Depot, Inc. (NYSE:HD)

Ritholtz Wealth Management raised its holdings in The Home Depot, Inc. (NYSE:HD) by 21.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,261 shares of the home improvement retailer’s stock after purchasing an additional 4,250 shares during the quarter. Ritholtz Wealth Management’s holdings in Home Depot were worth $8,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Parker Financial LLC lifted its position in shares of Home Depot by 6.5% during the 4th quarter. Parker Financial LLC now owns 755 shares of the home improvement retailer’s stock valued at $262,000 after buying an additional 46 shares during the last quarter. Trueblood Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $1,902,000. Successful Portfolios LLC lifted its position in shares of Home Depot by 2.0% during the 4th quarter. Successful Portfolios LLC now owns 7,337 shares of the home improvement retailer’s stock valued at $2,543,000 after buying an additional 146 shares during the last quarter. Great Lakes Retirement Inc. lifted its position in shares of Home Depot by 1.4% during the 4th quarter. Great Lakes Retirement Inc. now owns 5,425 shares of the home improvement retailer’s stock valued at $1,880,000 after buying an additional 73 shares during the last quarter. Finally, Hill Island Financial LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $362,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock traded down $2.32 during trading on Thursday, hitting $383.57. 4,108,220 shares of the stock traded hands, compared to its average volume of 3,174,438. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The stock has a market cap of $380.13 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.51 and a beta of 0.99. The firm’s fifty day moving average is $368.47 and its 200-day moving average is $334.54. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the company earned $3.30 EPS. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.35%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Robert W. Baird reissued an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. TD Cowen increased their price objective on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Truist Financial dropped their price objective on Home Depot from $387.00 to $386.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $368.76.

About Home Depot

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.