V Wealth Advisors LLC Has $7.80 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Posted by on Mar 31st, 2023

V Wealth Advisors LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,702 shares of the home improvement retailer’s stock after purchasing an additional 2,128 shares during the period. Home Depot accounts for approximately 1.6% of V Wealth Advisors LLC’s holdings, making the stock its 12th biggest holding. V Wealth Advisors LLC’s holdings in Home Depot were worth $7,802,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. bought a new stake in Home Depot in the first quarter valued at about $27,000. Glassy Mountain Advisors Inc. acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $30,000. First Personal Financial Services boosted its stake in Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 43 shares during the last quarter. Align Wealth Management LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $30,000. Finally, EWG Elevate Inc. bought a new stake in Home Depot in the fourth quarter valued at approximately $36,000. Institutional investors own 68.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HD. Barclays reduced their price target on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 22nd. Roth Mkm reduced their target price on Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. UBS Group lowered their price target on Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Robert W. Baird cut their price objective on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. Finally, Morgan Stanley lowered their target price on Home Depot from $360.00 to $340.00 and set an “overweight” rating for the company in a research note on Wednesday, February 22nd. Thirteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $330.61.

Home Depot Trading Up 0.7 %

NYSE HD opened at $285.36 on Friday. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $347.25. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The stock has a 50 day moving average of $303.45 and a 200-day moving average of $303.11. The company has a market cap of $289.63 billion, a PE ratio of 17.11, a PEG ratio of 1.58 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. The firm had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $3.21 earnings per share. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were given a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, March 8th. This is an increase from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is 50.12%.

Home Depot Company 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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