1,000 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,000 shares of the home improvement retailer’s stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC increased its holdings in Home Depot by 8,807.1% in the 4th quarter. New Age Alpha Advisors LLC now owns 2,494 shares of the home improvement retailer’s stock worth $970,000 after acquiring an additional 2,466 shares in the last quarter. Providence Capital Advisors LLC increased its stake in shares of Home Depot by 1.2% in the fourth quarter. Providence Capital Advisors LLC now owns 21,843 shares of the home improvement retailer’s stock worth $8,497,000 after purchasing an additional 269 shares in the last quarter. Norges Bank bought a new stake in shares of Home Depot during the 4th quarter valued at $5,032,910,000. Caisse Des Depots ET Consignations purchased a new stake in Home Depot in the 4th quarter worth $9,247,000. Finally, Blair William & Co. IL raised its holdings in Home Depot by 0.4% during the fourth quarter. Blair William & Co. IL now owns 755,641 shares of the home improvement retailer’s stock valued at $293,937,000 after acquiring an additional 2,716 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Royal Bank of Canada decreased their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Piper Sandler decreased 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. Finally, Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Stock Performance

Shares of Home Depot stock opened at $362.96 on Friday. The firm has a market capitalization of $360.55 billion, a P/E ratio of 24.66, 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. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a 50 day moving average price of $391.01 and a 200 day moving average price of $398.65.

Home Depot (NYSE:HD) last posted its quarterly 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 business 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 company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.53%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s payout ratio is presently 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.