Net Worth Advisory Group Trims Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Net Worth Advisory Group cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,532 shares of the home improvement retailer’s stock after selling 64 shares during the period. Net Worth Advisory Group’s holdings in Home Depot were worth $596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Riverbend Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter worth about $944,000. Davis R M Inc. increased its stake in Home Depot by 0.4% during the fourth quarter. Davis R M Inc. now owns 151,002 shares of the home improvement retailer’s stock worth $58,738,000 after purchasing an additional 586 shares during the period. Clare Market Investments LLC purchased a new stake in Home Depot during the fourth quarter worth about $472,000. Vista Investment Partners II LLC purchased a new stake in Home Depot during the fourth quarter worth about $2,679,000. Finally, Tortoise Investment Management LLC increased its stake in Home Depot by 1.7% during the fourth quarter. Tortoise Investment Management LLC now owns 3,697 shares of the home improvement retailer’s stock worth $1,438,000 after purchasing an additional 63 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target 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. Robert W. Baird cut 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. Truist Financial cut their target price on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company upped 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. Finally, Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Price Performance

HD stock opened at $374.13 on Tuesday. The company has a market capitalization of $371.65 billion, a P/E ratio of 25.42, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The business has a 50 day simple moving average of $399.91 and a 200-day simple moving average of $400.08. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Home Depot Increases Dividend

The company also recently disclosed 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 an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

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.