146,154 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 146,154 shares of the home improvement retailer’s stock, valued at approximately $56,917,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Synergy Asset Management LLC bought a new stake in Home Depot in the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $28,000. Navigoe LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $32,000. Finally, Quarry LP grew its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HD. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Royal Bank of Canada cut their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial upped their price objective on Home Depot from $391.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on Home Depot from $470.00 to $410.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $430.32.

Home Depot Price Performance

NYSE:HD opened at $372.16 on Thursday. 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 firm has a market cap of $369.94 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company’s 50-day moving average price is $357.77 and its two-hundred day moving average price is $388.29.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the business earned $2.82 EPS. Home Depot’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. 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 annualized dividend and a yield of 2.47%. Home Depot’s dividend payout ratio is 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.