Janus Henderson Group PLC Acquires 32,515 Shares of The Home Depot, Inc. (NYSE:HD)

Janus Henderson Group PLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,941,275 shares of the home improvement retailer's stock after buying an additional 32,515 shares during the quarter. Janus Henderson Group PLC owned about 0.20% of Home Depot worth $755,296,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Group Ltd. lifted its holdings in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after purchasing an additional 27 shares during the last quarter. RMR Wealth Builders lifted its holdings in shares of Home Depot by 2.2% during the 4th quarter. RMR Wealth Builders now owns 11,429 shares of the home improvement retailer's stock valued at $4,446,000 after purchasing an additional 246 shares in the last quarter. Czech National Bank lifted its holdings in shares of Home Depot by 6.6% in the fourth quarter. Czech National Bank now owns 215,339 shares of the home improvement retailer's stock valued at $83,765,000 after purchasing an additional 13,337 shares in the last quarter. Paragon Advisors LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $294,000. Finally, Aprio Wealth Management LLC boosted its position in Home Depot by 3.8% during the fourth quarter. Aprio Wealth Management LLC now owns 10,774 shares of the home improvement retailer's stock worth $4,191,000 after purchasing an additional 398 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD traded up $0.69 during trading on Tuesday, reaching $377.28. The company had a trading volume of 459,219 shares, compared to its average volume of 3,533,748. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The business's 50 day moving average price is $358.02 and its 200-day moving average price is $388.50. The stock has a market cap of $375.02 billion, a PE ratio of 25.63, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued 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 the consensus estimate of $39.15 billion. During the same period last year, the business posted $2.82 earnings per share. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share 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 paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. Home Depot's payout ratio is presently 61.66%.

Analyst Ratings Changes

Several brokerages recently weighed in on HD. Truist Financial upped their price objective on Home Depot from $391.00 to $393.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Wells Fargo & Company cut their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Robert W. Baird reduced their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Gordon Haskett lowered Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $430.32.

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.