Cambridge Investment Research Advisors Inc. Raises Stake in The Home Depot, Inc. (NYSE:HD)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,779 shares of the home improvement retailer's stock after purchasing an additional 5,050 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Home Depot were worth $90,938,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HD. Principal Financial Group Inc. raised its holdings in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after purchasing an additional 141,915 shares during the period. Pensionfund Sabic grew its stake in shares of Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after acquiring an additional 3,800 shares during the period. Legacy Wealth Management LLC MS increased its holdings in Home Depot by 2.2% in the 4th quarter. Legacy Wealth Management LLC MS now owns 1,316 shares of the home improvement retailer's stock worth $512,000 after acquiring an additional 28 shares in the last quarter. CWA Asset Management Group LLC raised its stake in Home Depot by 5.8% during the 4th quarter. CWA Asset Management Group LLC now owns 16,702 shares of the home improvement retailer's stock worth $6,497,000 after acquiring an additional 913 shares during the period. Finally, Capital Market Strategies LLC boosted its position in shares of Home Depot by 2.3% in the fourth quarter. Capital Market Strategies LLC now owns 6,337 shares of the home improvement retailer's stock worth $2,465,000 after purchasing an additional 145 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 0.9 %

Shares of Home Depot stock traded up $3.17 during trading on Wednesday, reaching $362.55. The company's stock had a trading volume of 2,657,129 shares, compared to its average volume of 3,448,587. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a 50-day simple moving average of $359.10 and a two-hundred day simple moving average of $389.39. 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 company has a market cap of $360.38 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 4.03 and a beta of 1.05.

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

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HD shares. Truist Financial upped their price objective on Home Depot from $391.00 to $393.00 and gave the stock a "buy" rating in a research note on Tuesday. Morgan Stanley lowered their price objective on Home Depot from $450.00 to $410.00 and set an "overweight" rating for the company in a research note on Monday. Wedbush restated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wells Fargo & Company upped their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada decreased their price objective on shares of 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. 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $430.12.

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.