Coldstream Capital Management Inc. Buys 2,301 Shares of The Home Depot, Inc. (NYSE:HD)

Coldstream Capital Management Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,419 shares of the home improvement retailer's stock after acquiring an additional 2,301 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Home Depot were worth $14,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. K.J. Harrison & Partners Inc grew its position in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after purchasing an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of 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 valued at $9,242,000 after acquiring an additional 3,873 shares in the last quarter. Pensionfund Sabic boosted its position in shares of Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after acquiring an additional 3,800 shares during the last quarter. Wedmont Private Capital increased its position in shares of Home Depot by 12.5% in the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Disciplined Investors L.L.C. bought a new stake in Home Depot during the fourth quarter valued at approximately $409,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HD. KGI Securities raised Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Truist Financial lowered their price target on shares of 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, JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Stock Down 0.8 %

Shares of HD traded down $3.00 during mid-day trading on Wednesday, reaching $356.00. The company had a trading volume of 985,218 shares, compared to its average volume of 3,451,966. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $353.88 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The firm has a 50-day moving average price of $362.50 and a 200 day moving average price of $391.50. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current 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 issued 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 2.58%. Home Depot's payout ratio is 61.66%.

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.