4,761 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. purchased a new position in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,761 shares of the home improvement retailer’s stock, valued at approximately $1,729,000. Home Depot makes up about 1.2% of Bernard Wealth Management Corp.’s investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the 4th quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot during the 4th quarter valued at about $32,000. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $39,000. Finally, NewSquare Capital LLC grew its stake in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $340.95 on Tuesday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a market capitalization of $338.91 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The stock’s fifty day moving average is $383.21 and its two-hundred day moving average is $398.00. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company had revenue of $39.70 billion during 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%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.70%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HD. Piper Sandler dropped their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Guggenheim reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Robert W. Baird reduced their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and set a $440.00 price objective on shares of Home Depot 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. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $435.85.

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.