The Home Depot, Inc. (NYSE:HD) Shares Purchased by Berger Financial Group Inc

Berger Financial Group Inc lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,086 shares of the home improvement retailer's stock after purchasing an additional 1,776 shares during the quarter. Berger Financial Group Inc's holdings in Home Depot were worth $5,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. Principal Financial Group Inc. grew its position in shares of Home Depot by 10.7% during the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after buying an additional 141,915 shares in the last quarter. Morse Asset Management Inc grew its position in shares of Home Depot by 12.9% during the third quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock worth $12,357,000 after buying an additional 3,493 shares in the last quarter. Invst LLC grew its position in shares of Home Depot by 1.7% during the third quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock worth $2,719,000 after buying an additional 115 shares in the last quarter. McIlrath & Eck LLC grew its position in shares of Home Depot by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock worth $1,089,000 after buying an additional 115 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of Home Depot during the third quarter worth about $1,027,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

HD stock traded down $0.64 on Thursday, reaching $359.86. 1,773,965 shares of the company's stock were exchanged, compared to its average volume of 3,628,617. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $357.71 billion, a PE ratio of 24.45, a P/E/G ratio of 4.03 and a beta of 1.09. The stock has a fifty day moving average of $362.01 and a 200-day moving average of $391.28. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.56%. Home Depot's dividend payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HD shares. Royal Bank of Canada lowered their price objective on 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. JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Gordon Haskett cut Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial reduced their price objective on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $434.08.

About Home Depot

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.