Successful Portfolios LLC Purchases 75 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by on Apr 10th, 2023

Successful Portfolios LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,994 shares of the home improvement retailer’s stock after acquiring an additional 75 shares during the quarter. Home Depot comprises about 1.6% of Successful Portfolios LLC’s portfolio, making the stock its 10th largest position. Successful Portfolios LLC’s holdings in Home Depot were worth $2,525,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Baugh & Associates LLC lifted its stake in Home Depot by 4.3% during the 4th quarter. Baugh & Associates LLC now owns 25,292 shares of the home improvement retailer’s stock valued at $7,989,000 after acquiring an additional 1,045 shares during the period. Joel Isaacson & Co. LLC increased its stake in shares of Home Depot by 9.5% in the fourth quarter. Joel Isaacson & Co. LLC now owns 12,784 shares of the home improvement retailer’s stock worth $4,038,000 after acquiring an additional 1,106 shares during the period. Sicart Associates LLC raised its holdings in shares of Home Depot by 26.3% during the fourth quarter. Sicart Associates LLC now owns 1,200 shares of the home improvement retailer’s stock worth $379,000 after purchasing an additional 250 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Home Depot during the fourth quarter valued at $268,000. Finally, Destiny Wealth Partners LLC boosted its holdings in Home Depot by 18.0% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,254 shares of the home improvement retailer’s stock valued at $396,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $288.61 on Monday. The firm has a 50-day simple moving average of $300.60 and a 200-day simple moving average of $304.06. 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 stock has a market capitalization of $292.27 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. During the same quarter in the prior year, the company earned $3.21 EPS. Home Depot’s revenue was up .3% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were given a dividend of $2.09 per share. 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 (DPR) is presently 50.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HD shares. StockNews.com started coverage on Home Depot in a research note on Thursday, March 16th. They set a “hold” rating for the company. Morgan Stanley decreased their price target on Home Depot from $360.00 to $340.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. Credit Suisse Group lowered their price objective on Home Depot from $335.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 22nd. Telsey Advisory Group cut their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Finally, UBS Group lowered their price target on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $329.89.

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.

See Also

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

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