The Home Depot, Inc. (NYSE:HD) Stock Holdings Lowered by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 16,346 shares of the home improvement retailer’s stock after selling 948 shares during the period. Home Depot makes up approximately 3.0% of Mirabaud Asset Management Ltd’s portfolio, making the stock its 14th largest holding. Mirabaud Asset Management Ltd’s holdings in Home Depot were worth $6,366,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $32,000. Sellwood Investment Partners LLC acquired a new position in Home Depot in the 4th quarter worth approximately $39,000. Finally, NewSquare Capital LLC grew its position in Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after purchasing an additional 68 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.6 %

Shares of NYSE:HD opened at $353.78 on Friday. 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 stock’s 50-day moving average is $384.89 and its 200-day moving average is $398.15. The company has a market cap of $351.67 billion, a P/E ratio of 24.03, a P/E/G ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating 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 firm 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 EPS. The company’s revenue was up 14.1% on a year-over-year basis. Equities 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 was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler reduced their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Wedbush restated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial reduced their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Gordon Haskett downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.