Intrepid Capital Management Inc. Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Intrepid Capital Management Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 545 shares of the home improvement retailer’s stock, valued at approximately $212,000.

Other hedge funds have also recently made changes to their positions in the company. SYM FINANCIAL Corp increased its position in shares of Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock valued at $596,140,000 after purchasing an additional 141,915 shares during the last quarter. United Bank increased its holdings in shares of Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock worth $1,806,000 after purchasing an additional 181 shares in the last quarter. Atom Investors LP purchased a new position in shares of Home Depot in the third quarter worth $2,246,000. Finally, Concentric Capital Strategies LP lifted its holdings in shares of Home Depot by 59.0% during the third quarter. Concentric Capital Strategies LP now owns 3,464 shares of the home improvement retailer’s stock valued at $1,404,000 after purchasing an additional 1,286 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $364.96 on Wednesday. The company has a market cap of $362.78 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock’s 50 day simple moving average is $388.06 and its two-hundred day simple moving average is $398.84. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the previous year, the business posted $2.82 earnings per share. Home Depot’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler decreased their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial lowered their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Robert W. Baird reduced their price target on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $435.85.

Home Depot 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.