Lindbrook Capital LLC Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Lindbrook Capital LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 0.4% in the fourth quarter, HoldingsChannel reports. The firm owned 10,775 shares of the home improvement retailer’s stock after purchasing an additional 41 shares during the period. Lindbrook Capital LLC’s holdings in Home Depot were worth $4,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the fourth quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the third quarter valued at about $41,000. Finally, Marshall Investment Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.3 %

HD opened at $386.82 on Thursday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market cap of $384.25 billion, a P/E ratio of 26.28, a P/E/G ratio of 4.03 and a beta of 1.05. The stock’s 50 day moving average price is $400.81 and its 200 day moving average price is $399.62. 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 posted its quarterly earnings data 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 the consensus estimate of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.38%. Home Depot’s payout ratio is 61.66%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HD. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial reduced 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. 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. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Nine equities research 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

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.