Fjell Capital LLC Takes $1.04 Million Position in The Home Depot, Inc. (NYSE:HD)

Fjell Capital LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,660 shares of the home improvement retailer’s stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the third quarter worth about $41,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Performance

HD stock opened at $393.52 on Wednesday. The company has a 50-day simple moving average of $401.23 and a 200 day simple moving average of $398.48. The company has a market capitalization of $390.90 billion, a P/E ratio of 26.73, a PEG ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the business posted $2.82 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts predict 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. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s 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.