4,244 Shares in The Home Depot, Inc. (NYSE:HD) Bought by PCG Asset Management LLC

PCG Asset Management LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,244 shares of the home improvement retailer’s stock, valued at approximately $1,651,000. Home Depot comprises approximately 1.4% of PCG Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. raised its position in shares of Home Depot by 0.8% during the fourth quarter. Duncker Streett & Co. Inc. now owns 15,229 shares of the home improvement retailer’s stock valued at $5,924,000 after buying an additional 128 shares during the last quarter. Capital Wealth Planning LLC grew its position in Home Depot by 0.4% during the fourth quarter. Capital Wealth Planning LLC now owns 1,443,968 shares of the home improvement retailer’s stock worth $561,689,000 after buying an additional 5,662 shares in the last quarter. Onefund LLC increased its stake in Home Depot by 2.8% during the fourth quarter. Onefund LLC now owns 2,678 shares of the home improvement retailer’s stock valued at $1,042,000 after acquiring an additional 73 shares during the period. Nixon Peabody Trust Co. raised its holdings in Home Depot by 3.9% in the 4th quarter. Nixon Peabody Trust Co. now owns 13,818 shares of the home improvement retailer’s stock valued at $5,375,000 after acquiring an additional 523 shares in the last quarter. Finally, Hamel Associates Inc. lifted its position in shares of Home Depot by 0.4% in the 4th quarter. Hamel Associates Inc. now owns 11,372 shares of the home improvement retailer’s stock worth $4,424,000 after acquiring an additional 42 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD opened at $396.69 on Friday. 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 stock has a market capitalization of $394.06 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company’s 50 day simple moving average is $401.36 and its 200-day simple moving average is $399.06. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating 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 quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HD. Truist Financial lowered their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday. Finally, Bank of America upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $436.50.

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.