The Home Depot, Inc. (NYSE:HD) Holdings Increased by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,910 shares of the home improvement retailer’s stock after purchasing an additional 408 shares during the period. Home Depot makes up about 3.3% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 5th largest position. SGL Investment Advisors Inc.’s holdings in Home Depot were worth $6,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Wealth Group Ltd. increased its stake in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after buying an additional 27 shares during the last quarter. RMR Wealth Builders increased its stake in shares of Home Depot by 2.2% in the fourth quarter. RMR Wealth Builders now owns 11,429 shares of the home improvement retailer’s stock worth $4,446,000 after buying an additional 246 shares during the last quarter. Affinity Capital Advisors LLC increased its stake in shares of Home Depot by 2.4% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,825 shares of the home improvement retailer’s stock worth $1,086,000 after buying an additional 67 shares during the last quarter. Wynn Capital LLC increased its stake in shares of Home Depot by 11.5% in the fourth quarter. Wynn Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $329,000 after buying an additional 87 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its stake in shares of Home Depot by 5.0% in the fourth quarter. Accurate Wealth Management LLC now owns 9,122 shares of the home improvement retailer’s stock worth $3,556,000 after buying an additional 434 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $379.13 on Friday. The company has a market capitalization of $376.87 billion, a P/E ratio of 25.76, a PEG ratio of 4.03 and a beta of 1.05. The company has a 50-day simple moving average of $357.87 and a 200 day simple moving average of $388.12. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 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, topping 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 net margin of 9.45% and a return on equity of 452.60%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.43%. Home Depot’s payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HD shares. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Truist Financial lifted their price objective on shares of Home Depot from $391.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $430.32.

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.