Ossiam Lowers Stake in The Home Depot, Inc. (NYSE:HD)

Ossiam lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,868 shares of the home improvement retailer's stock after selling 4,423 shares during the period. Ossiam's holdings in Home Depot were worth $6,172,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HD. Synergy Asset Management LLC acquired a new stake in Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the 4th quarter worth approximately $32,000. Sellwood Investment Partners LLC acquired a new position in Home Depot during the 4th quarter valued at approximately $39,000. Finally, NewSquare Capital LLC raised its holdings in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

NYSE:HD traded up $2.98 during mid-day trading on Thursday, hitting $359.40. 927,052 shares of the stock traded hands, compared to its average volume of 3,460,024. The business's 50-day moving average price is $365.88 and its 200 day moving average price is $393.13. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. 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 company has a market cap of $357.25 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released its 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm 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 earned $2.82 EPS. The company's revenue was up 14.1% compared to the same quarter last year. On average, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, March 13th. Home Depot's payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Royal Bank of Canada cut 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, Truist Financial dropped their target price on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $434.08.

Home Depot Company 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.