6,360 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,360 shares of the home improvement retailer's stock, valued at approximately $2,474,000.

Several other large investors also recently modified their holdings of the stock. Widmann Financial Services Inc. increased its holdings in shares of Home Depot by 2.0% in the fourth quarter. Widmann Financial Services Inc. now owns 6,660 shares of the home improvement retailer's stock worth $2,591,000 after purchasing an additional 132 shares during the period. Wise Wealth Partners purchased a new stake in shares of Home Depot in the 4th quarter valued at about $286,000. Headland Capital LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $229,000. Rehmann Capital Advisory Group increased its position in shares of Home Depot by 12.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 11,979 shares of the home improvement retailer's stock worth $4,660,000 after purchasing an additional 1,304 shares during the last quarter. Finally, Navigoe LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of Home Depot stock traded down $2.15 during trading on Tuesday, hitting $359.58. 1,349,301 shares of the company's stock traded hands, compared to its average volume of 3,446,343. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The business has a 50-day simple moving average of $360.40 and a 200-day simple moving average of $389.79. 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 stock has a market capitalization of $357.43 billion, a P/E ratio of 24.43, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $39.15 billion. During the same period in the previous year, the business posted $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, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced 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 2.56%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial lifted 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. Finally, Piper Sandler decreased their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $430.12.

Home Depot 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.