Day & Ennis LLC Increases Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Apr 10th, 2023

Day & Ennis LLC increased its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,947 shares of the home improvement retailer’s stock after buying an additional 796 shares during the quarter. Home Depot accounts for 2.2% of Day & Ennis LLC’s portfolio, making the stock its 12th largest position. Day & Ennis LLC’s holdings in Home Depot were worth $5,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Personal Financial Services boosted its stake 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 purchasing an additional 43 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Home Depot in the first quarter worth $27,000. Align Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $30,000. Glassy Mountain Advisors Inc. bought a new position in shares of Home Depot during the fourth quarter valued at about $30,000. Finally, Bellwether Advisors LLC increased its holdings in shares of Home Depot by 74.0% in the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 54 shares during the period. 68.31% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.0 %

NYSE:HD opened at $288.61 on Monday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $347.25. The company has a market capitalization of $292.27 billion, a PE ratio of 17.30, a P/E/G ratio of 1.67 and a beta of 0.93. The firm’s 50-day moving average price is $300.60 and its 200-day moving average price is $304.06. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33.

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 for the quarter, topping analysts’ consensus estimates 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 business had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The business’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 EPS 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 represents a $8.36 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Wednesday, March 8th. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s dividend payout ratio (DPR) is 50.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Cowen reduced their price target on Home Depot from $379.00 to $360.00 and set an “outperform” 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 on the stock in a report on Wednesday, February 22nd. Piper Sandler decreased their target price on shares of Home Depot from $320.00 to $300.00 in a research note on Wednesday, February 15th. Evercore ISI dropped their price target on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Finally, Robert W. Baird decreased their price objective on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st. Thirteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $329.89.

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.