Schonfeld Strategic Advisors LLC Trims Position in The Home Depot, Inc. (NYSE:HD)

Schonfeld Strategic Advisors LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 51.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,472 shares of the home improvement retailer’s stock after selling 53,199 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Home Depot were worth $19,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HD. Candlestick Capital Management LP purchased a new position in Home Depot during the fourth quarter worth about $70,916,000. Capstone Financial Advisors Inc. lifted its holdings in shares of Home Depot by 15.5% in the 4th quarter. Capstone Financial Advisors Inc. now owns 1,187 shares of the home improvement retailer’s stock worth $462,000 after acquiring an additional 159 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock worth $4,726,186,000 after acquiring an additional 1,424,857 shares during the last quarter. Bellwether Advisors LLC boosted its position in shares of Home Depot by 4.5% during the 4th quarter. Bellwether Advisors LLC now owns 1,167 shares of the home improvement retailer’s stock worth $454,000 after purchasing an additional 50 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at approximately $650,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities raised Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. 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. Finally, Piper Sandler lowered their price objective on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $434.08.

Home Depot Stock Up 0.6 %

HD stock opened at $359.05 on Wednesday. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company’s 50 day moving average is $362.50 and its two-hundred day moving average is $391.50. The stock has a market cap of $356.91 billion, a P/E ratio of 24.39, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping 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 company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter last year, the company earned $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s payout ratio is presently 61.66%.

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.