2,647 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Sig Brokerage LP

Sig Brokerage LP acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,647 shares of the home improvement retailer's stock, valued at approximately $1,030,000.

A number of other large investors have also added to or reduced their stakes in the stock. 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 worth $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Home Depot by 19.5% in the fourth 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. purchased a new position in shares of Home Depot in the fourth quarter worth about $409,000. JPL Wealth Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $3,193,000. Finally, Umpqua Bank boosted its position in shares of Home Depot by 26.5% in the fourth quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer's stock valued at $2,425,000 after acquiring an additional 1,294 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 0.6%

Shares of Home Depot stock traded up $2.11 during trading on Friday, hitting $380.74. The company's stock had a trading volume of 3,127,104 shares, compared to its average volume of 3,421,764. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a fifty day simple moving average of $358.12 and a two-hundred day simple moving average of $387.99. The company has a market capitalization 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 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 announced 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. 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 the consensus estimate of $39.15 billion. During the same period in the prior year, the firm posted $2.82 EPS. Home Depot's revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared 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 represents a $9.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Truist Financial raised their price objective 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. Wells Fargo & Company dropped their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and boosted their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Royal Bank of Canada lowered 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 report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Home Depot from $470.00 to $410.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.32.

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.