Investor s Fiduciary Advisor Network LLC Acquires Shares of 3,501 The Home Depot, Inc. (NYSE:HD)

Investor s Fiduciary Advisor Network LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,501 shares of the home improvement retailer's stock, valued at approximately $1,361,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $28,000. Navigoe LLC bought a new position in Home Depot during the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $32,000. Finally, Quarry LP grew its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Up 0.5%

Shares of HD traded up $1.95 during trading hours on Thursday, hitting $374.76. The stock had a trading volume of 218,703 shares, compared to its average volume of 3,412,166. The firm has a market capitalization of $372.53 billion, a P/E ratio of 25.43, 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. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a 50 day simple moving average of $357.77 and a 200-day simple moving average of $388.29.

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

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of research firms recently commented on HD. Robert W. Baird lowered their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Truist Financial increased their price target on shares of Home Depot from $391.00 to $393.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Piper Sandler lowered their price target on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, Wells Fargo & Company reduced their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating, nineteen 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 presently has an average rating of "Moderate Buy" and a consensus price target of $430.32.

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.