Vision Financial Markets LLC Acquires Shares of 6,443 The Home Depot, Inc. (NYSE:HD)

Vision Financial Markets LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,443 shares of the home improvement retailer’s stock, valued at approximately $2,506,000. Home Depot makes up about 2.7% of Vision Financial Markets LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in shares of Home Depot by 1.5% in the fourth quarter. Arizona State Retirement System now owns 288,685 shares of the home improvement retailer’s stock worth $112,296,000 after buying an additional 4,366 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Home Depot by 0.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 18,710 shares of the home improvement retailer’s stock worth $7,278,000 after purchasing an additional 51 shares during the period. Proficio Capital Partners LLC raised its stake in Home Depot by 11.1% during the fourth quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer’s stock worth $4,102,000 after purchasing an additional 1,055 shares during the period. Assetmark Inc. raised its stake in Home Depot by 28.4% during the fourth quarter. Assetmark Inc. now owns 47,945 shares of the home improvement retailer’s stock worth $18,650,000 after purchasing an additional 10,594 shares during the period. Finally, NewSquare Capital LLC raised its stake in Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after purchasing an additional 68 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Royal Bank of Canada reduced their target price 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. Piper Sandler reduced their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Up 1.3 %

NYSE HD opened at $386.82 on Thursday. The stock’s 50 day moving average is $400.81 and its two-hundred day moving average is $399.62. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. 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 company has a market capitalization of $384.25 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 4.03 and a beta of 1.05.

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

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is 61.66%.

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.