HMV Wealth Advisors LLC Buys Shares of 3,355 The Home Depot, Inc. (NYSE:HD)

HMV Wealth Advisors LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, Holdings Channel reports. The firm bought 3,355 shares of the home improvement retailer’s stock, valued at approximately $1,305,000. Home Depot comprises approximately 1.3% of HMV Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First National Trust Co boosted its position in shares of Home Depot by 2.0% in the 4th quarter. First National Trust Co now owns 61,591 shares of the home improvement retailer’s stock valued at $23,958,000 after purchasing an additional 1,229 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $384,000. Postrock Partners LLC purchased a new position in shares of Home Depot in the fourth quarter worth approximately $268,000. Analyst IMS Investment Management Services Ltd. increased its position in shares of Home Depot by 248.0% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 6,803 shares of the home improvement retailer’s stock worth $2,647,000 after acquiring an additional 4,848 shares in the last quarter. Finally, Renasant Bank increased its position in shares of Home Depot by 113.6% in the fourth quarter. Renasant Bank now owns 3,144 shares of the home improvement retailer’s stock worth $1,223,000 after acquiring an additional 1,672 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Truist Financial dropped their target price on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird dropped their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Price Performance

Shares of Home Depot stock opened at $351.16 on Friday. The firm has a fifty day simple moving average of $397.43 and a 200-day simple moving average of $399.26. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market capitalization of $348.83 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. During the same period in the previous year, the company earned $2.82 earnings per share. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.62%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is 61.66%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.