Ancora Advisors LLC Sells 1,541 Shares of The Home Depot, Inc. (NYSE:HD)

Ancora Advisors LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 120,427 shares of the home improvement retailer's stock after selling 1,541 shares during the period. Home Depot accounts for 1.0% of Ancora Advisors LLC's investment portfolio, making the stock its 19th largest position. Ancora Advisors LLC's holdings in Home Depot were worth $46,845,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the fourth quarter worth about $28,000. Navigoe LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter worth approximately $32,000. Finally, Quarry LP lifted its holdings in shares of 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 acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. 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. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Truist Financial decreased their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Piper Sandler cut their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Ten research 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 company. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Price Performance

Shares of HD opened at $364.41 on Friday. The firm has a market cap of $362.24 billion, a PE ratio of 24.76, a P/E/G 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 company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a fifty day simple moving average of $360.97 and a two-hundred day simple moving average of $390.53.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.52%. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Home Depot Company 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.

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