The Home Depot, Inc. (NYSE:HD) Position Trimmed by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,196 shares of the home improvement retailer’s stock after selling 158 shares during the period. Prosperity Financial Group Inc.’s holdings in Home Depot were worth $1,632,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HD. SYM FINANCIAL Corp grew its holdings in shares of Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares in the last quarter. Swedbank AB lifted its position in Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares during the last quarter. Principal Financial Group Inc. lifted its position in Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock worth $596,140,000 after acquiring an additional 141,915 shares during the last quarter. United Bank lifted its position in Home Depot by 4.2% during the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock worth $1,806,000 after acquiring an additional 181 shares during the last quarter. Finally, Lynx Investment Advisory raised its position in shares of Home Depot by 19.2% during the third quarter. Lynx Investment Advisory now owns 528 shares of the home improvement retailer’s stock valued at $214,000 after buying an additional 85 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 1.6 %

Home Depot stock opened at $368.49 on Wednesday. The company has a market cap of $366.04 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a fifty day simple moving average of $399.50 and a 200 day simple moving average of $400.03. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced 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. 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 during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the firm posted $2.82 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Robert W. Baird decreased their price target on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Piper Sandler decreased their price target 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. Finally, Royal Bank of Canada cut their price objective 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. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $436.50.

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.