Graham Capital Management L.P. Has $5.64 Million Position in The Home Depot, Inc. (NYSE:HD)

Graham Capital Management L.P. grew its position in The Home Depot, Inc. (NYSE:HD) by 62.9% during the 4th quarter, HoldingsChannel reports. The firm owned 14,500 shares of the home improvement retailer’s stock after purchasing an additional 5,600 shares during the quarter. Graham Capital Management L.P.’s holdings in Home Depot were worth $5,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Group Ltd. increased its position in shares of Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after acquiring an additional 27 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Home Depot by 40.6% during the 4th quarter. Fortitude Family Office LLC now owns 7,814 shares of the home improvement retailer’s stock worth $3,040,000 after purchasing an additional 2,257 shares in the last quarter. CJM Wealth Advisers Ltd. raised its stake in shares of Home Depot by 4.8% in the 4th quarter. CJM Wealth Advisers Ltd. now owns 1,605 shares of the home improvement retailer’s stock valued at $624,000 after purchasing an additional 74 shares during the period. ORG Partners LLC raised its stake in shares of Home Depot by 5.4% in the 4th quarter. ORG Partners LLC now owns 5,012 shares of the home improvement retailer’s stock valued at $1,956,000 after purchasing an additional 259 shares during the period. Finally, Franklin Street Advisors Inc. NC lifted its holdings in shares of Home Depot by 0.4% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 24,122 shares of the home improvement retailer’s stock valued at $9,383,000 after purchasing an additional 95 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. 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. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Truist Financial increased their target price on shares of Home Depot from $391.00 to $393.00 and gave the stock a “buy” rating in a report on Tuesday. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Hsbc Global Res raised shares of 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, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $430.32.

Home Depot Stock Performance

NYSE HD opened at $362.55 on Friday. The firm’s 50 day simple moving average is $358.23 and its 200 day simple moving average is $388.83. 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 1 year low of $323.77 and a 1 year high of $439.37. The firm has a market capitalization of $360.39 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company posted $2.82 EPS. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.54%. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

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.