The Home Depot, Inc. (NYSE:HD) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 94,466,878 shares of the home improvement retailer’s stock after purchasing an additional 39,525 shares during the quarter. Home Depot accounts for 0.7% of Vanguard Group Inc.’s investment portfolio, making the stock its 18th largest position. Vanguard Group Inc. owned approximately 0.09% of Home Depot worth $32,737,497,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its holdings in shares of Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after acquiring an additional 28 shares in the last quarter. Optas LLC lifted its stake in shares of Home Depot by 1.7% during the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 29 shares in the last quarter. STAR Financial Bank boosted its position in shares of Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after buying an additional 29 shares during the period. Harvest Investment Advisors LLC grew its stake in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after buying an additional 30 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. raised its holdings in shares of Home Depot by 0.3% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $349.50 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The business’s 50-day moving average price is $337.33 and its 200 day moving average price is $351.54. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market cap of $346.57 billion, a P/E ratio of 23.44, a PEG ratio of 2.40 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.82 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Activity

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. HSBC decreased their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Truist Financial lowered their price objective on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. TD Cowen decreased their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Home Depot Company Profile

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.