The Home Depot, Inc. (NYSE:HD) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 29.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,751 shares of the home improvement retailer’s stock after acquiring an additional 8,499 shares during the period. Vinva Investment Management Ltd’s holdings in Home Depot were worth $14,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stokes Family Office LLC raised its stake in shares of Home Depot by 6.9% during the 4th quarter. Stokes Family Office LLC now owns 19,510 shares of the home improvement retailer’s stock worth $7,589,000 after buying an additional 1,260 shares during the last quarter. North Forty Two & Co. acquired a new position in shares of Home Depot during the 4th quarter worth $458,000. VSM Wealth Advisory LLC acquired a new position in shares of Home Depot during the 4th quarter worth $996,000. Brooklyn FI LLC acquired a new position in shares of Home Depot during the 4th quarter worth $2,312,000. Finally, Enhancing Capital LLC acquired a new position in shares of Home Depot during the 4th quarter worth $646,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Truist Financial cut their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Royal Bank of Canada dropped their price objective on 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. Finally, Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Stock Down 1.3 %

Shares of NYSE:HD opened at $349.39 on Wednesday. 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 1 year low of $323.77 and a 1 year high of $439.37. The stock has a market capitalization of $347.07 billion, a P/E ratio of 23.74, a PEG ratio of 4.03 and a beta of 1.09. The stock has a 50-day simple moving average of $396.03 and a 200-day simple moving average of $399.40.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (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 business had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 annualized dividend and a yield of 2.63%. Home Depot’s payout ratio is 61.66%.

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.