Crabel Capital Management LLC Acquires Shares of 1,141 The Home Depot, Inc. (NYSE:HD)

Crabel Capital Management LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,141 shares of the home improvement retailer's stock, valued at approximately $444,000. Home Depot accounts for 1.4% of Crabel Capital Management LLC's investment portfolio, making the stock its 23rd biggest position.

Several other large investors have also modified their holdings of HD. POM Investment Strategies LLC grew its holdings in Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after purchasing an additional 24 shares during the period. Center for Financial Planning Inc. raised its position in Home Depot by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after buying an additional 24 shares during the last quarter. Marino Stram & Associates LLC lifted its position in shares of Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after purchasing an additional 25 shares in the last quarter. Live Oak Private Wealth LLC grew its holdings in shares of Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after acquiring an additional 25 shares in the last quarter. Finally, Mezzasalma Advisors LLC raised its stake in shares of Home Depot by 4.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Home Depot stock traded up $3.17 during trading on Wednesday, reaching $362.55. The company had a trading volume of 2,657,129 shares, compared to its average volume of 3,448,587. The firm has a market capitalization of $360.38 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm's 50-day simple moving average is $359.10 and its 200 day simple moving average is $389.39. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 earnings per share. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is currently 61.66%.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on Home Depot from $450.00 to $410.00 and set an "overweight" rating for the company in a report on Monday. Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial boosted their target price on shares of Home Depot from $391.00 to $393.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on Home Depot from $470.00 to $410.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Robert W. Baird reduced their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $430.12.

Home Depot 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.