Lazard Asset Management LLC Has $426.16 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Lazard Asset Management LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,095,551 shares of the home improvement retailer's stock after selling 172,459 shares during the period. Lazard Asset Management LLC owned about 0.11% of Home Depot worth $426,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HD. Leigh Baldwin & CO. LLC acquired a new position in shares of Home Depot during the fourth quarter worth $297,300,000. LifePlan Investment Advisors Inc. raised its position in shares of Home Depot by 7.0% in the 4th quarter. LifePlan Investment Advisors Inc. now owns 905 shares of the home improvement retailer's stock worth $352,000 after acquiring an additional 59 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $2,549,000. Lionshead Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $909,000. Finally, Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at about $1,361,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HD. Truist Financial boosted their price target on shares of Home Depot from $391.00 to $393.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Piper Sandler dropped their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Wedbush reiterated an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price target on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $430.32.

Home Depot Stock Down 0.6%

HD stock opened at $362.55 on Monday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a fifty day moving average price of $358.23 and a 200-day moving average price of $388.66. 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 $360.39 billion, a P/E ratio of 24.63, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its 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 company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company posted $2.82 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.