Aspen Wealth Strategies LLC Buys 54 Shares of The Home Depot, Inc. (NYSE:HD)

Aspen Wealth Strategies LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,335 shares of the home improvement retailer’s stock after purchasing an additional 54 shares during the period. Home Depot comprises approximately 0.6% of Aspen Wealth Strategies LLC’s investment portfolio, making the stock its 26th biggest holding. Aspen Wealth Strategies LLC’s holdings in Home Depot were worth $908,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the fourth quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $32,000. NewSquare Capital LLC lifted its holdings in Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after purchasing an additional 68 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in Home Depot during the third quarter valued at about $41,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.8 %

Shares of NYSE HD opened at $354.06 on Tuesday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm’s 50 day simple moving average is $396.73 and its two-hundred day simple moving average is $399.54. The stock has a market capitalization of $351.71 billion, a P/E ratio of 24.05, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 business had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period last year, the business earned $2.82 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS 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. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Analyst Upgrades and Downgrades

Several research firms have commented on HD. Royal Bank of Canada dropped 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. Truist Financial lowered their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Robert W. Baird lowered their price target on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

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.