Cox Capital Mgt LLC Buys 99 Shares of The Home Depot, Inc. (NYSE:HD)

Cox Capital Mgt LLC raised its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,154 shares of the home improvement retailer’s stock after acquiring an additional 99 shares during the period. Cox Capital Mgt LLC’s holdings in Home Depot were worth $1,312,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Insight Wealth Strategies LLC increased its position in shares of Home Depot by 0.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock valued at $1,830,000 after acquiring an additional 32 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its position in shares of Home Depot by 5.4% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after acquiring an additional 33 shares during the last quarter. Virtue Capital Management LLC increased its position in shares of Home Depot by 1.4% during the third quarter. Virtue Capital Management LLC now owns 2,476 shares of the home improvement retailer’s stock valued at $683,000 after acquiring an additional 33 shares during the last quarter. Coastal Bridge Advisors LLC increased its position in shares of Home Depot by 0.6% during the third quarter. Coastal Bridge Advisors LLC now owns 5,744 shares of the home improvement retailer’s stock valued at $1,585,000 after acquiring an additional 34 shares during the last quarter. Finally, Westshore Wealth LLC increased its position in shares of Home Depot by 2.8% during the third quarter. Westshore Wealth LLC now owns 1,300 shares of the home improvement retailer’s stock valued at $359,000 after acquiring an additional 35 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on HD. Piper Sandler lowered their price objective on shares of Home Depot from $320.00 to $300.00 in a research note on Wednesday, February 15th. Credit Suisse Group lowered their price objective on shares of Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 22nd. Barclays lowered their price objective on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 price objective for the company. Finally, Evercore ISI lowered their price objective on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.45.

Home Depot Stock Up 0.6 %

Shares of NYSE:HD opened at $288.39 on Friday. The company has a market capitalization of $292.70 billion, a PE ratio of 17.29, a P/E/G ratio of 1.61 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $347.25. The firm has a 50 day simple moving average of $310.70 and a 200-day simple moving average of $303.66.

Home Depot (NYSE:HDGet Rating) last announced its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. The business had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be issued a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s payout ratio is presently 50.12%.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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