Bradley & Co. Private Wealth Management LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Bradley & Co. Private Wealth Management LLC acquired a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 82 shares of the home improvement retailer’s stock, valued at approximately $32,000.

Other hedge funds also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter worth $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 3rd quarter valued at $41,000. Marshall Investment Management LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $41,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Home Depot during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Truist Financial upped their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Stifel Nicolaus lifted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Trading Up 2.9 %

Shares of Home Depot stock opened at $393.52 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $390.90 billion, a PE ratio of 26.73, a P/E/G ratio of 4.03 and a beta of 1.05. The firm’s 50-day moving average price is $401.23 and its 200 day moving average price is $398.48.

Home Depot (NYSE:HD) last issued its quarterly 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. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. On average, sell-side analysts predict 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 will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.34%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.14%.

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.