The Home Depot, Inc. (NYSE:HD) Shares Sold by Absoluto Partners Gestao de Recursos Ltda

Absoluto Partners Gestao de Recursos Ltda cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 66.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,620 shares of the home improvement retailer's stock after selling 3,215 shares during the period. Home Depot comprises approximately 0.6% of Absoluto Partners Gestao de Recursos Ltda's portfolio, making the stock its 25th largest position. Absoluto Partners Gestao de Recursos Ltda's holdings in Home Depot were worth $630,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HD. Norges Bank acquired a new stake in Home Depot during the 4th quarter worth $5,032,910,000. Raymond James Financial Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at about $2,212,546,000. Proficio Capital Partners LLC boosted its stake in shares of Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after buying an additional 2,030,372 shares during the period. Northern Trust Corp grew its holdings in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after acquiring an additional 875,836 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their target price on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, Truist Financial reduced their price objective on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Ten investment 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. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus target price of $434.08.

Home Depot Trading Up 1.7 %

Shares of Home Depot stock opened at $364.41 on Friday. The business has a 50 day moving average price of $360.97 and a 200 day moving average price of $390.53. The company has a market capitalization of $362.24 billion, a P/E ratio of 24.76, 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 current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 earnings per share. Sell-side analysts anticipate 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. Stockholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 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.

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