The Home Depot, Inc. (NYSE:HD) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 46.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 94,142 shares of the home improvement retailer’s stock after purchasing an additional 29,841 shares during the quarter. Home Depot accounts for 0.7% of Mizuho Securities USA LLC’s investment portfolio, making the stock its 21st largest position. Mizuho Securities USA LLC’s holdings in Home Depot were worth $36,620,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. SYM FINANCIAL Corp boosted its stake in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after buying an additional 289 shares during the last quarter. Swedbank AB lifted its stake in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock valued at $596,140,000 after purchasing an additional 141,915 shares during the last quarter. United Bank lifted its stake in shares of Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock valued at $1,806,000 after purchasing an additional 181 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Home Depot by 14.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,663 shares of the home improvement retailer’s stock valued at $1,079,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Robert W. Baird decreased their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Piper Sandler decreased their price target on Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and increased their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Trading Down 1.0 %

HD opened at $352.12 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a market cap of $349.78 billion, a P/E ratio of 23.92, a PEG ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business’s 50-day simple moving average is $393.97 and its 200-day simple moving average is $398.66.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $2.82 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.61%. Home Depot’s dividend payout ratio is 61.66%.

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.