Mufg Securities Americas Inc. Buys Shares of 14,663 The Home Depot, Inc. (NYSE:HD)

Mufg Securities Americas Inc. purchased a new position 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 (SEC). The institutional investor purchased 14,663 shares of the home improvement retailer's stock, valued at approximately $5,704,000. Home Depot makes up 0.7% of Mufg Securities Americas Inc.'s holdings, making the stock its 24th largest holding.

A number of other large investors also recently modified their holdings of the company. K.J. Harrison & Partners Inc increased its stake in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after buying an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in shares of Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after acquiring an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. acquired a new position in Home Depot during the fourth quarter worth $409,000. Johnson & White Wealth Management LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $1,793,000. Finally, JPL Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $3,193,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective 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. 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 report on Wednesday, February 26th. Robert W. Baird reduced their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. 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 report on Tuesday, May 6th. Finally, Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $430.32.

Home Depot Price Performance

Shares of NYSE HD opened at $373.66 on Wednesday. The stock's 50-day simple moving average is $357.86 and its two-hundred day simple moving average is $388.40. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $371.43 billion, a P/E ratio of 25.38, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share 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 company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the prior year, the business earned $2.82 earnings per share. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities analysts anticipate 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 issued a dividend of $2.30 per share. This is an increase 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 2.46%. The ex-dividend date was Thursday, March 13th. 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.

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