Investor s Fiduciary Advisor Network LLC Acquires New Shares in The Home Depot, Inc. (NYSE:HD)

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

A number of other institutional investors also recently modified their holdings of HD. POM Investment Strategies LLC increased its position in shares of Home Depot by 1.1% in the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after purchasing an additional 24 shares during the last quarter. Center for Financial Planning Inc. increased its position in Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after buying an additional 24 shares during the period. Marino Stram & Associates LLC boosted its holdings in shares of Home Depot by 2.3% during the fourth 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 grew its position in shares of Home Depot by 0.5% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after acquiring an additional 25 shares during the last quarter. Finally, Mezzasalma Advisors LLC increased its holdings in shares of Home Depot by 4.0% in the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after acquiring an additional 25 shares during the period. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HD shares. Wells Fargo & Company decreased their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Wedbush reiterated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on Home Depot from $470.00 to $410.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Royal Bank of Canada reduced their price objective on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their price target 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. Ten research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $430.32.

Home Depot Stock Down 0.1%

NYSE:HD traded down $0.46 during trading hours on Tuesday, reaching $376.13. 561,105 shares of the stock were exchanged, compared to its average volume of 3,431,493. The stock has a market cap of $373.89 billion, a PE ratio of 25.55, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a 50 day moving average of $358.02 and a 200 day moving average of $388.50. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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 (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for 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 company's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 earnings per share. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed 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 yield of 2.45%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

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.