The Home Depot, Inc. (NYSE:HD) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,424 shares of the home improvement retailer’s stock after purchasing an additional 152 shares during the period. Kovack Advisors Inc.’s holdings in Home Depot were worth $5,611,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. WT Wealth Management increased its position in shares of Home Depot by 4.5% in the 4th quarter. WT Wealth Management now owns 7,771 shares of the home improvement retailer’s stock valued at $3,023,000 after acquiring an additional 334 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Home Depot by 2.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 393,134 shares of the home improvement retailer’s stock valued at $152,925,000 after acquiring an additional 8,400 shares during the period. K.J. Harrison & Partners Inc increased its position in shares of Home Depot by 65.2% in the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after acquiring an additional 3,590 shares during the period. Flynn Zito Capital Management LLC increased its position in shares of Home Depot by 42.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 3,161 shares of the home improvement retailer’s stock valued at $1,229,000 after acquiring an additional 949 shares during the period. Finally, New York Life Investment Management LLC increased its position in shares of Home Depot by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 147,646 shares of the home improvement retailer’s stock valued at $57,433,000 after acquiring an additional 649 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the company from $356.00 to $410.00 in a research report on Wednesday. Robert W. Baird cut their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday. Piper Sandler cut their price target on Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research report on Wednesday. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Trading Down 0.7 %

Shares of Home Depot stock opened at $390.40 on Thursday. The firm has a market capitalization of $387.81 billion, a PE ratio of 26.52, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm’s 50-day moving average price is $401.17 and its 200 day moving average price is $398.42. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. 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 2.36%. Home Depot’s dividend payout ratio is presently 61.14%.

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.