Sender Co & Partners Inc. Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Sender Co & Partners Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 24.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,250 shares of the home improvement retailer's stock after buying an additional 841 shares during the period. Home Depot makes up 1.5% of Sender Co & Partners Inc.'s holdings, making the stock its 19th biggest position. Sender Co & Partners Inc.'s holdings in Home Depot were worth $1,653,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter worth $28,000. Navigoe LLC bought a new position in shares of Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter worth $32,000. Finally, Quarry LP grew its position in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and lifted their target price for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Truist Financial lifted their price target on Home Depot from $391.00 to $393.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Nine 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $430.32.

Home Depot Stock Up 0.6%

Shares of NYSE HD traded up $2.11 during midday trading on Friday, hitting $380.74. 3,127,104 shares of the stock traded hands, compared to its average volume of 3,421,764. The company has a market cap of $378.46 billion, a PE ratio of 25.87, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business has a 50 day moving average price of $358.12 and a two-hundred day moving average price of $387.95. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.82 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.42%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is 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.