Fairfield Financial Advisors LTD Raises Stock Position in The Home Depot, Inc. (NYSE:HD)

Fairfield Financial Advisors LTD increased its stake in The Home Depot, Inc. (NYSE:HD) by 67.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 402 shares of the home improvement retailer’s stock after acquiring an additional 162 shares during the quarter. Fairfield Financial Advisors LTD’s holdings in Home Depot were worth $156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Naviter Wealth LLC grew its holdings in shares of Home Depot by 39.3% during the fourth quarter. Naviter Wealth LLC now owns 11,150 shares of the home improvement retailer’s stock worth $4,337,000 after buying an additional 3,146 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $261,000. Hamilton Capital Partners LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $6,006,000. Intellectus Partners LLC grew its holdings in shares of Home Depot by 36.5% during the fourth quarter. Intellectus Partners LLC now owns 3,728 shares of the home improvement retailer’s stock worth $1,450,000 after buying an additional 996 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Home Depot by 10.5% during the 4th quarter. Larson Financial Group LLC now owns 8,660 shares of the home improvement retailer’s stock valued at $3,369,000 after acquiring an additional 824 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.3 %

HD stock opened at $376.66 on Friday. The company’s 50 day moving average price is $400.21 and its 200 day moving average price is $399.59. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a market capitalization of $374.16 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last released its earnings results 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 firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HD shares. Guggenheim reissued a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Wedbush reissued an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler decreased their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

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.