Acropolis Investment Management LLC Purchases 218 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by on Mar 20th, 2023

Acropolis Investment Management LLC grew its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,676 shares of the home improvement retailer’s stock after purchasing an additional 218 shares during the quarter. Acropolis Investment Management LLC’s holdings in Home Depot were worth $1,793,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Grayhawk Investment Strategies Inc. acquired a new position in shares of Home Depot during the 2nd quarter valued at $28,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the 1st quarter valued at $27,000. Glassy Mountain Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $30,000. First Personal Financial Services lifted its position in shares of Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 43 shares during the period. Finally, Align Wealth Management LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $30,000. 68.31% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $288.39 on Monday. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The firm has a market capitalization of $292.70 billion, a PE ratio of 17.29, a P/E/G ratio of 1.62 and a beta of 0.93. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $347.25. The company has a 50-day moving average price of $310.70 and a two-hundred day moving average price of $303.71.

Home Depot (NYSE:HD – Get Rating) last issued its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. During the same quarter last year, the business earned $3.21 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be given a $2.09 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s dividend payout ratio (DPR) is 50.12%.

Analyst Ratings Changes

Several research analysts have weighed in on HD shares. Evercore ISI lowered their price objective on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Truist Financial lowered their price objective on shares of Home Depot from $382.00 to $352.00 in a report on Wednesday, February 22nd. Barclays lowered their price objective on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. DA Davidson lowered their price objective on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. Finally, Loop Capital lowered their price objective on shares of Home Depot from $310.00 to $300.00 and set a “hold” rating on the stock in a report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.45.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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