Fox Run Management L.L.C. Has $403,000 Position in The Home Depot, Inc. (NYSE:HD)

Fox Run Management L.L.C. decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 26.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,037 shares of the home improvement retailer’s stock after selling 366 shares during the quarter. Fox Run Management L.L.C.’s holdings in Home Depot were worth $403,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Home Depot during the fourth quarter valued at $141,531,000. Umpqua Bank increased its position in shares of Home Depot by 26.5% during the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock worth $2,425,000 after purchasing an additional 1,294 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Home Depot by 21.1% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,700 shares of the home improvement retailer’s stock valued at $1,050,000 after purchasing an additional 470 shares during the last quarter. Intellus Advisors LLC acquired a new position in Home Depot in the fourth quarter valued at about $771,000. Finally, Sei Investments Co. grew its stake in Home Depot by 2.4% during the fourth quarter. Sei Investments Co. now owns 236,407 shares of the home improvement retailer’s stock worth $91,963,000 after buying an additional 5,504 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock opened at $362.01 on Thursday. The stock’s fifty day simple moving average is $391.94 and its 200 day simple moving average is $398.90. 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 company has a market capitalization of $359.61 billion, a PE ratio of 24.59, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the firm posted $2.82 earnings per share. Home Depot’s revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Truist Financial reduced their price target 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. Finally, Royal Bank of Canada lowered their price objective on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

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.