Fi3 FINANCIAL ADVISORS LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Fi3 FINANCIAL ADVISORS LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,484 shares of the home improvement retailer’s stock after buying an additional 29 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Home Depot were worth $577,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Virtu Financial LLC bought a new position in Home Depot in the fourth quarter valued at about $7,646,000. ZEGA Investments LLC bought a new position in Home Depot in the fourth quarter valued at about $1,060,000. Summit Global Investments lifted its holdings in Home Depot by 71.3% in the fourth quarter. Summit Global Investments now owns 19,113 shares of the home improvement retailer’s stock valued at $7,435,000 after acquiring an additional 7,953 shares during the period. Millstone Evans Group LLC bought a new position in Home Depot in the fourth quarter valued at about $489,000. Finally, Atlas Wealth LLC lifted its holdings in Home Depot by 13.5% in the fourth quarter. Atlas Wealth LLC now owns 632 shares of the home improvement retailer’s stock valued at $246,000 after acquiring an additional 75 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $352.12 on Friday. The stock has a market cap of $349.78 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 stock has a 50 day moving average price of $393.97 and a 200-day moving average price of $398.66. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The firm 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 company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.61%. Home Depot’s payout ratio is 61.66%.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

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.