Ensign Peak Advisors Inc Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Ensign Peak Advisors Inc cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,314,781 shares of the home improvement retailer's stock after selling 25,279 shares during the quarter. Home Depot comprises 0.9% of Ensign Peak Advisors Inc's holdings, making the stock its 16th biggest position. Ensign Peak Advisors Inc owned approximately 0.13% of Home Depot worth $511,437,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ethic Inc. increased its holdings in Home Depot by 16.7% during the fourth quarter. Ethic Inc. now owns 94,580 shares of the home improvement retailer's stock worth $36,791,000 after buying an additional 13,542 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $1,072,000. First Manhattan CO. LLC. grew its holdings in shares of Home Depot by 0.3% during the 4th quarter. First Manhattan CO. LLC. now owns 35,809 shares of the home improvement retailer's stock worth $13,929,000 after purchasing an additional 111 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Home Depot by 3.4% in the 4th quarter. Fred Alger Management LLC now owns 43,515 shares of the home improvement retailer's stock valued at $16,927,000 after buying an additional 1,450 shares in the last quarter. Finally, Family Management Corp increased its stake in Home Depot by 3.2% in the fourth quarter. Family Management Corp now owns 19,112 shares of the home improvement retailer's stock valued at $7,244,000 after acquiring an additional 598 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HD shares. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price target for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Piper Sandler dropped their price target on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. decreased their target price on Home Depot from $470.00 to $410.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Robert W. Baird reduced their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $430.32.

Home Depot Price Performance

Shares of NYSE HD traded down $1.91 during midday trading on Tuesday, hitting $374.68. 1,343,144 shares of the company's stock were exchanged, compared to its average volume of 3,543,951. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business's fifty day moving average price is $358.02 and its two-hundred day moving average price is $388.50. The company has a market cap of $372.44 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) 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 company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the firm posted $2.82 EPS. The firm's revenue was up 14.1% compared to the same quarter last year. As a group, research analysts forecast 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 issued a $2.30 dividend. This is a boost 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 2.46%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is presently 61.66%.

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.