Oregon Public Employees Retirement Fund Acquires 158,980 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by on Apr 9th, 2023

Oregon Public Employees Retirement Fund raised its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 202.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 237,543 shares of the home improvement retailer’s stock after acquiring an additional 158,980 shares during the quarter. Home Depot makes up 1.0% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 11th largest holding. Oregon Public Employees Retirement Fund’s holdings in Home Depot were worth $75,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Symphony Financial Ltd. Co. grew its stake in Home Depot by 5.4% in the 4th quarter. Symphony Financial Ltd. Co. now owns 4,967 shares of the home improvement retailer’s stock worth $1,589,000 after acquiring an additional 254 shares in the last quarter. Vigilant Capital Management LLC grew its stake in Home Depot by 0.7% in the fourth quarter. Vigilant Capital Management LLC now owns 125,985 shares of the home improvement retailer’s stock worth $39,794,000 after purchasing an additional 853 shares in the last quarter. Catalyst Wealth Management LLC bought a new position in Home Depot in the fourth quarter worth approximately $865,000. Red Cedar Investment Management LLC increased its holdings in Home Depot by 7.9% during the 4th quarter. Red Cedar Investment Management LLC now owns 7,779 shares of the home improvement retailer’s stock worth $2,457,000 after purchasing an additional 570 shares during the period. Finally, Eagle Bay Advisors LLC raised its position in Home Depot by 15.8% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,611 shares of the home improvement retailer’s stock valued at $825,000 after purchasing an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Citigroup cut their target price on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Credit Suisse Group reduced their price target on shares of Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Evercore ISI dropped their price objective on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Finally, StockNews.com assumed coverage on Home Depot in a report on Thursday, March 16th. They set a “hold” rating for the company. Thirteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $329.89.

Home Depot Stock Down 0.0 %

Home Depot stock opened at $288.61 on Friday. The business’s 50-day simple moving average is $300.60 and its two-hundred day simple moving average is $303.83. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The company has a market cap of $292.27 billion, a PE ratio of 17.30, a PEG ratio of 1.67 and a beta of 0.93. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $347.25.

Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS 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 firm had revenue of $35.83 billion during the quarter, compared to the consensus estimate of $36 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were issued a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a boost from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s dividend payout ratio (DPR) 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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