Ellevest Inc. Buys 59 Shares of The Home Depot, Inc. (NYSE:HD)

Ellevest Inc. lifted its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,306 shares of the home improvement retailer’s stock after purchasing an additional 59 shares during the period. Ellevest Inc.’s holdings in Home Depot were worth $1,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. K.J. Harrison & Partners Inc lifted its holdings in Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after buying an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in Home Depot by 19.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock valued at $9,242,000 after buying an additional 3,873 shares during the period. Wedmont Private Capital boosted its stake in Home Depot by 12.5% during the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after acquiring an additional 1,506 shares during the last quarter. Disciplined Investors L.L.C. acquired a new position in Home Depot during the fourth quarter valued at approximately $409,000. Finally, Johnson & White Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $1,793,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE:HD opened at $364.79 on Friday. The company has a market cap of $362.61 billion, a P/E ratio of 24.78, a P/E/G ratio of 4.03 and a beta of 1.05. The firm’s fifty day moving average price is $358.61 and its two-hundred day moving average price is $389.10. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period in the prior year, the firm earned $2.82 EPS. The business’s revenue was up 14.1% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.52%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

Analyst Ratings Changes

Several analysts recently commented on HD shares. Piper Sandler dropped their price objective on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their price target on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday. Royal Bank of Canada dropped their price objective 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. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.32.

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.