iSAM Funds UK Ltd Makes New $533,000 Investment in The Home Depot, Inc. (NYSE:HD)

iSAM Funds UK Ltd bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,370 shares of the home improvement retailer's stock, valued at approximately $533,000.

Other large investors also recently bought and sold shares of the company. POM Investment Strategies LLC lifted its stake in Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after acquiring an additional 24 shares during the period. Center for Financial Planning Inc. lifted its stake in Home Depot by 0.5% during 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 acquiring an additional 24 shares during the period. Marino Stram & Associates LLC lifted its stake in Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after acquiring an additional 25 shares during the period. Live Oak Private Wealth LLC lifted its stake in Home Depot by 0.5% during 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 during the period. Finally, Mezzasalma Advisors LLC lifted its stake in Home Depot by 4.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock valued at $255,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on HD. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird decreased their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Piper Sandler decreased their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $430.32.

Home Depot Price Performance

Home Depot stock opened at $379.03 on Tuesday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The stock has a market cap of $376.77 billion, a P/E ratio of 25.75, a PEG ratio of 4.03 and a beta of 1.05. The company has a 50-day moving average price of $358.40 and a 200 day moving average price of $387.85. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last released 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 net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period last year, the business earned $2.82 earnings per share. Home Depot's revenue was up 14.1% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed 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. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) 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.

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