Ashton Thomas Private Wealth LLC Acquires 3,873 Shares of The Home Depot, Inc. (NYSE:HD)

Ashton Thomas Private Wealth LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,758 shares of the home improvement retailer's stock after acquiring an additional 3,873 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Home Depot were worth $9,242,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $32,000. 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 valued at $40,000 after buying an additional 68 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in Home Depot during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Piper Sandler dropped their price objective on shares of Home Depot from $455.00 to $435.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $436.50.

Home Depot Stock Down 0.7 %

HD traded down $2.67 during trading on Monday, reaching $374.13. The company had a trading volume of 3,707,160 shares, compared to its average volume of 3,359,628. The company has a market cap of $371.65 billion, a P/E ratio of 25.42, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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 business's fifty day moving average price is $400.21 and its 200 day moving average price is $400.02.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 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 analysts' expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio is currently 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.