The Home Depot, Inc. (NYSE:HD) Shares Acquired by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 248.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,803 shares of the home improvement retailer’s stock after buying an additional 4,848 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Home Depot were worth $2,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot in the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter valued at $32,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the third quarter valued at $41,000. Finally, Marshall Investment Management LLC purchased a new stake in Home Depot in the fourth quarter valued at $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 4.7 %

Shares of NYSE HD opened at $347.42 on Friday. The company has a 50 day simple moving average of $398.19 and a 200-day simple moving average of $399.42. The company has a market capitalization of $345.12 billion, a P/E ratio of 23.60, a P/E/G ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.65%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Piper Sandler lowered their price target on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. 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. Guggenheim restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. 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 stock. According to MarketBeat.com, the stock 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.