U S Wealth Group LLC. Acquires New Stake in The Home Depot, Inc. (NYSE:HD)

U S Wealth Group LLC. bought a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, Holdings Channel.com reports. The fund bought 7,634 shares of the home improvement retailer’s stock, valued at approximately $2,970,000. Home Depot accounts for 2.2% of U S Wealth Group LLC.’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot in the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $32,000. Sellwood Investment Partners LLC acquired a new position in Home Depot in the 4th quarter worth approximately $39,000. Finally, NewSquare Capital LLC grew its position in Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after purchasing an additional 68 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $353.78 on Monday. The firm has a market capitalization of $351.67 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. 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 fifty day moving average price is $384.89 and its two-hundred day moving average price is $398.35. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last issued its 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 net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period in the prior year, the firm earned $2.82 EPS. Home Depot’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler lowered their price target on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Robert W. Baird dropped their price objective 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. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Gordon Haskett cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.