VSM Wealth Advisory LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

VSM Wealth Advisory LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,560 shares of the home improvement retailer’s stock, valued at approximately $996,000.

Several other large investors also recently made changes to their positions in HD. Brooklyn FI LLC bought a new stake in Home Depot in the 4th quarter valued at $2,312,000. Enhancing Capital LLC bought a new stake in Home Depot in the 4th quarter valued at $646,000. Xponance Inc. raised its stake in Home Depot by 2.0% in the 4th quarter. Xponance Inc. now owns 221,145 shares of the home improvement retailer’s stock valued at $86,023,000 after acquiring an additional 4,290 shares during the period. Intech Investment Management LLC raised its stake in Home Depot by 12.0% in the 4th quarter. Intech Investment Management LLC now owns 33,155 shares of the home improvement retailer’s stock valued at $12,897,000 after acquiring an additional 3,562 shares during the period. Finally, Generali Asset Management SPA SGR bought a new stake in Home Depot in the 4th quarter valued at $47,320,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Piper Sandler dropped 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. JPMorgan Chase & Co. increased their price target on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. 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, February 26th. Wells Fargo & Company increased their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their price objective 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. Nine research 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Trading Down 1.3 %

Shares of HD stock opened at $349.39 on Wednesday. The company has a market cap of $347.07 billion, a P/E ratio of 23.74, a PEG ratio of 4.03 and a beta of 1.09. The stock has a 50 day simple moving average of $396.03 and a two-hundred day simple moving average of $399.40. 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 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 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. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter 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. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current 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 issued a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.63%. Home Depot’s payout ratio 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.