The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Bill Few Associates Inc.

Posted by on Apr 5th, 2023

Bill Few Associates Inc. lifted its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,587 shares of the home improvement retailer’s stock after buying an additional 50 shares during the quarter. Home Depot makes up 2.5% of Bill Few Associates Inc.’s investment portfolio, making the stock its 8th largest holding. Bill Few Associates Inc.’s holdings in Home Depot were worth $4,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Personal Financial Services raised its holdings in shares of Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 43 shares during the period. Fairfield Bush & CO. purchased a new stake in Home Depot during the 1st quarter worth about $27,000. Align Wealth Management LLC purchased a new stake in Home Depot during the 4th quarter worth about $30,000. Glassy Mountain Advisors Inc. purchased a new stake in Home Depot during the 4th quarter worth about $30,000. Finally, Bellwether Advisors LLC increased its holdings in Home Depot by 74.0% during the 3rd quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HD shares. StockNews.com started coverage on Home Depot in a report on Thursday, March 16th. They set a “hold” rating on the stock. Cowen cut their price target on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Cowen cut their price target on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Wedbush upped their price objective on Home Depot from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 22nd. Finally, Telsey Advisory Group lowered their price objective on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $330.61.

Home Depot Stock Down 0.9 %

Home Depot stock opened at $294.96 on Wednesday. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $347.25. The stock has a 50 day moving average of $302.24 and a two-hundred day moving average of $303.78. 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 market capitalization of $299.37 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.71 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data 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 return on equity of 4,929.40% and a net margin of 10.87%. The company had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. During the same period last year, the firm earned $3.21 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were paid a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date was Wednesday, March 8th. Home Depot’s dividend payout ratio is 50.12%.

About Home Depot

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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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