Plancorp LLC Purchases 284 Shares of The Home Depot, Inc. (NYSE:HD)

Plancorp LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,093 shares of the home improvement retailer’s stock after acquiring an additional 284 shares during the quarter. Plancorp LLC’s holdings in Home Depot were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HD. Runnymede Capital Advisors Inc. purchased a new position in shares of Home Depot in the 4th quarter worth approximately $54,000. Cyrus J. Lawrence LLC boosted its holdings in shares of Home Depot by 0.3% in the 4th quarter. Cyrus J. Lawrence LLC now owns 27,069 shares of the home improvement retailer’s stock worth $10,529,000 after purchasing an additional 78 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of Home Depot by 46.4% in the 4th quarter. Mizuho Securities USA LLC now owns 94,142 shares of the home improvement retailer’s stock worth $36,620,000 after purchasing an additional 29,841 shares during the period. Fi3 FINANCIAL ADVISORS LLC boosted its holdings in shares of Home Depot by 2.0% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer’s stock worth $577,000 after purchasing an additional 29 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $7,646,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HD shares. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Truist Financial dropped their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Piper Sandler dropped their price objective on Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Trading Down 1.0 %

HD opened at $352.12 on Friday. The firm has a market cap of $349.78 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a fifty day moving average price of $393.97 and a 200-day moving average price of $398.66.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the company posted $2.82 EPS. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

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.