ProShare Advisors LLC Has $114.45 Million Holdings in The Home Depot, Inc. (NYSE:HD)

ProShare Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 29.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,223 shares of the home improvement retailer's stock after acquiring an additional 66,714 shares during the period. ProShare Advisors LLC's holdings in Home Depot were worth $114,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. K.J. Harrison & Partners Inc grew its position in Home Depot by 65.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock worth $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after purchasing an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. bought a new stake in Home Depot in the 4th quarter worth about $409,000. JPL Wealth Management LLC bought a new stake in Home Depot in the 4th quarter worth about $3,193,000. Finally, Umpqua Bank grew its position in Home Depot by 26.5% in the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer's stock worth $2,425,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE HD opened at $379.13 on Friday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. 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 $376.87 billion, a PE ratio of 25.76, a P/E/G ratio of 4.03 and a beta of 1.05. The company's 50 day simple moving average is $357.87 and its two-hundred day simple moving average is $388.12.

Home Depot (NYSE:HD - Get Free Report) last posted 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business 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 company posted $2.82 EPS. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal 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 boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.43%. Home Depot's dividend payout ratio is currently 61.66%.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced 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 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 report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $470.00 to $410.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Truist Financial increased their target price 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, Piper Sandler reduced their target price 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. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

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.