1,712 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Strive Asset Management LLC

Strive Asset Management LLC acquired a new position 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 fund acquired 1,712 shares of the home improvement retailer's stock, valued at approximately $666,000.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Home Depot in the 4th quarter valued at $5,032,910,000. Raymond James Financial Inc. acquired a new position in Home Depot in the 4th quarter valued at $2,212,546,000. Proficio Capital Partners LLC grew its stake in shares of Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after purchasing an additional 2,030,372 shares during the period. Northern Trust Corp grew its stake in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Home Depot during the 4th quarter worth $471,189,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Morgan Stanley increased their target price on shares of Home Depot from $410.00 to $415.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Piper Sandler dropped 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 report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $424.60.

Home Depot Stock Performance

Shares of HD traded down $2.54 during trading hours on Tuesday, reaching $376.84. 6,282,223 shares of the company's stock traded hands, compared to its average volume of 3,437,990. The firm has a market capitalization of $374.59 billion, a price-to-earnings ratio of 25.60, a P/E/G 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. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The business's fifty day simple moving average is $358.40 and its two-hundred day simple moving average is $387.85.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business posted $3.63 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is 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.