Ritter Daniher Financial Advisory LLC DE Purchases 59 Shares of The Home Depot, Inc. (NYSE:HD)

Ritter Daniher Financial Advisory LLC DE grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 749 shares of the home improvement retailer’s stock after acquiring an additional 59 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Home Depot were worth $291,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the third quarter worth approximately $41,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

HD stock opened at $353.78 on Friday. The stock’s 50 day simple moving average is $384.89 and its 200 day simple moving average is $398.25. 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 market capitalization of $351.67 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08.

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

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. Home Depot’s dividend payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HD shares. Royal Bank of Canada cut 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 report on Wednesday, February 26th. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Robert W. Baird dropped their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Gordon Haskett cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Piper Sandler dropped their price target on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

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.