Bridgeway Capital Management LLC Has $18.37 Million Position in The Home Depot, Inc. (NYSE:HD)

Bridgeway Capital Management LLC raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,213 shares of the home improvement retailer's stock after acquiring an additional 3,185 shares during the quarter. Bridgeway Capital Management LLC's holdings in Home Depot were worth $18,365,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter worth $28,000. Navigoe LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth $32,000. Finally, Quarry LP grew its stake in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 0.8 %

NYSE HD opened at $361.69 on Tuesday. The stock's 50 day simple moving average is $360.40 and its 200 day simple moving average is $389.79. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $359.53 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 - Get Free Report) 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 company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The business's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a 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 (DPR) is presently 61.66%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. Truist Financial cut their target price on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler decreased their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada dropped their target price on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $432.54.

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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