The Home Depot, Inc. (NYSE:HD) Shares Purchased by Syverson Strege & Co

Syverson Strege & Co raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 87.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,045 shares of the home improvement retailer’s stock after acquiring an additional 489 shares during the quarter. Syverson Strege & Co’s holdings in Home Depot were worth $407,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HD. Heritage Wealth Management Inc. CA boosted its position in shares of Home Depot by 136.6% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 2,861 shares of the home improvement retailer’s stock worth $1,113,000 after buying an additional 1,652 shares during the period. Zions Bancorporation N.A. lifted its position in Home Depot by 19.1% during the 4th quarter. Zions Bancorporation N.A. now owns 7,092 shares of the home improvement retailer’s stock worth $2,759,000 after acquiring an additional 1,138 shares in the last quarter. Ashton Thomas Securities LLC boosted its holdings in Home Depot by 3.8% in the 4th quarter. Ashton Thomas Securities LLC now owns 4,248 shares of the home improvement retailer’s stock worth $1,655,000 after acquiring an additional 155 shares during the period. TD Asset Management Inc. grew its position in Home Depot by 4.0% in the fourth quarter. TD Asset Management Inc. now owns 1,644,440 shares of the home improvement retailer’s stock valued at $639,671,000 after acquiring an additional 62,676 shares in the last quarter. Finally, Princeton Capital Management LLC raised its stake in shares of Home Depot by 2.5% during the fourth quarter. Princeton Capital Management LLC now owns 1,169 shares of the home improvement retailer’s stock valued at $455,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $363.97 on Tuesday. 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 firm’s 50 day moving average is $393.46 and its two-hundred day moving average is $399.16. The firm has a market capitalization of $361.55 billion, a P/E ratio of 24.73, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.53%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s payout ratio is 61.66%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HD shares. Robert W. Baird decreased their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price objective on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Piper Sandler cut their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research report on Monday. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $435.85.

About Home Depot

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.