3,218 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Verum Partners LLC

Posted by Defense World Staff on Apr 7th, 2023

Verum Partners LLC bought a new position in The Home Depot, Inc. (NYSE:HD – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,218 shares of the home improvement retailer’s stock, valued at approximately $1,016,000. Home Depot comprises approximately 1.2% of Verum Partners LLC’s holdings, making the stock its 24th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC lifted its position in Home Depot by 4.1% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $437,000 after purchasing an additional 63 shares during the last quarter. Cottage Street Advisors LLC raised its holdings in shares of Home Depot by 26,657.7% during the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock valued at $659,000 after acquiring an additional 3,567,063 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of Home Depot by 1.6% during the fourth quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock valued at $13,718,000 after acquiring an additional 672 shares in the last quarter. West Branch Capital LLC raised its holdings in shares of Home Depot by 0.4% during the third quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock valued at $2,998,000 after acquiring an additional 41 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC raised its holdings in shares of Home Depot by 3.3% during the third quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock valued at $2,159,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 68.31% of the company’s stock.

Home Depot Trading Down 0.0 %

Shares of NYSE:HD opened at $288.61 on Friday. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25. The stock’s fifty day moving average price is $301.16 and its 200-day moving average price is $303.57. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33. The company has a market cap of $292.93 billion, a P/E ratio of 17.30, a PEG ratio of 1.72 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $36 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. Home Depot’s revenue was up .3% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were issued a $2.09 dividend. This is an increase from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date was Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a yield of 2.90%. Home Depot’s dividend payout ratio is currently 50.12%.

Analysts Set New Price Targets

A number of brokerages recently commented on HD. DA Davidson decreased their target price on Home Depot from $334.00 to $306.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Credit Suisse Group decreased their target price on Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Loop Capital reduced their price target on Home Depot from $310.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday, February 22nd. Truist Financial reduced their price target on Home Depot from $382.00 to $352.00 in a research note on Wednesday, February 22nd. Finally, UBS Group reduced their price target on Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $330.61.

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.