Aspire Growth Partners LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Aspire Growth Partners LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,712 shares of the home improvement retailer's stock, valued at approximately $1,055,000. Home Depot makes up 1.0% of Aspire Growth Partners LLC's holdings, making the stock its 26th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Home Depot in the 4th quarter worth approximately $5,032,910,000. Raymond James Financial Inc. bought a new stake in Home Depot in the fourth quarter worth $2,212,546,000. Proficio Capital Partners LLC boosted its stake in Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after buying an additional 2,030,372 shares during the period. Northern Trust Corp increased its position in Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after acquiring an additional 1,424,857 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after acquiring an additional 875,836 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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. Royal Bank of Canada decreased their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Truist Financial raised their price target on shares of Home Depot from $391.00 to $393.00 and gave the stock a "buy" rating in a research note on Tuesday. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $430.12.

Home Depot Price Performance

Shares of NYSE:HD traded up $3.29 during midday trading on Wednesday, reaching $362.67. 1,071,099 shares of the company's stock traded hands, compared to its average volume of 3,440,353. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a fifty day simple moving average of $359.78 and a two-hundred day simple moving average of $389.58. The company has a market cap of $360.51 billion, a P/E ratio of 24.63, a PEG 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.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (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 company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the previous year, the firm posted $2.82 EPS. Home Depot's revenue was up 14.1% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm 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. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.54%. 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.