Mather Group LLC. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,450 shares of the home improvement retailer’s stock after selling 423 shares during the quarter. Mather Group LLC.’s holdings in Home Depot were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new position in shares of Home Depot in the 1st quarter valued at $27,000. Align Wealth Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $30,000. Glassy Mountain Advisors Inc. acquired a new position in shares of Home Depot in the fourth quarter valued at about $30,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $32,000. Finally, Bellwether Advisors LLC boosted its position in Home Depot by 74.0% in the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 54 shares during the last quarter. 68.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
HD has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of Home Depot from $352.00 to $318.00 in a report on Wednesday, May 17th. Sanford C. Bernstein cut their price target on Home Depot from $333.00 to $314.00 in a research report on Wednesday, May 17th. Robert W. Baird lifted their price objective on Home Depot from $310.00 to $330.00 in a research note on Tuesday, June 13th. Loop Capital upped their target price on Home Depot from $280.00 to $300.00 in a research note on Wednesday. Finally, Morgan Stanley reduced their price target on Home Depot from $340.00 to $320.00 in a research report on Wednesday, May 17th. Thirteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.43.
Insiders Place Their Bets
Home Depot Trading Down 0.5 %
Shares of Home Depot stock opened at $300.38 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $347.25. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The stock has a market cap of $301.99 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.94 and a beta of 0.93. The stock’s 50 day simple moving average is $293.75 and its 200-day simple moving average is $304.36.
Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The company had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. During the same quarter in the previous year, the company posted $4.09 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.
Home Depot Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
Featured Stories
- Get a free copy of the StockNews.com research report on Home Depot (HD)
- MarketBeat Week in Review – 6/12 – 6/16
- Micron Building Goodwill In Asia, Near $2 Billion Investment
- Is Twilio On The Verge Of A Comeback?
- Broadcom: All-Time Highs But Still Good Value
- Leverage AI And Build A Fortress Portfolio With Adobe
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
