The Home Depot, Inc. (NYSE:HD) Shares Bought by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. grew its position in The Home Depot, Inc. (NYSE:HD) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,763 shares of the home improvement retailer’s stock after acquiring an additional 48 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Home Depot were worth $3,020,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Principal Financial Group Inc. grew its stake in Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock worth $596,140,000 after purchasing an additional 141,915 shares in the last quarter. Morse Asset Management Inc lifted its holdings in shares of Home Depot by 12.9% in the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer’s stock valued at $12,357,000 after purchasing an additional 3,493 shares during the last quarter. Chiron Investment Management LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at about $2,406,000. Toronto Dominion Bank raised its stake in Home Depot by 10.6% during the 3rd quarter. Toronto Dominion Bank now owns 612,888 shares of the home improvement retailer’s stock valued at $248,342,000 after acquiring an additional 58,652 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in Home Depot during the 3rd quarter worth approximately $6,544,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial cut their target price on Home Depot from $437.00 to $391.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Royal Bank of Canada dropped their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.08.

Home Depot Stock Performance

Shares of HD stock opened at $354.24 on Thursday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a 50-day moving average of $377.57 and a 200-day moving average of $396.60. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $352.13 billion, a P/E ratio of 24.07, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the company earned $2.82 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. Equities research analysts forecast 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 was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.60%. Home Depot’s dividend 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.