MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,004 shares of the home improvement retailer's stock after buying an additional 2,543 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Home Depot were worth $64,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Vanguard Group Inc. boosted its holdings in shares of Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after buying an additional 875,836 shares during the last quarter. Geode Capital Management LLC boosted its stake in Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after acquiring an additional 257,036 shares during the last quarter. Norges Bank bought a new position in shares of Home Depot during the 4th quarter valued at approximately $5,032,910,000. Capital Research Global Investors increased its stake in shares of Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock worth $4,845,098,000 after purchasing an additional 647,552 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of HD traded up $6.32 during midday trading on Thursday, reaching $379.13. The stock had a trading volume of 2,828,257 shares, compared to its average volume of 3,421,840. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $376.87 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company's 50-day moving average is $357.77 and its 200 day moving average is $388.29. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The business 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 business's quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $2.82 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS 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 paid 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 dividend yield of 2.43%. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is 61.66%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler reduced their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Wells Fargo & Company lowered their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley dropped their price objective on shares of Home Depot from $450.00 to $410.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their price target on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Ten 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.