Ashton Thomas Securities LLC Buys 155 Shares of The Home Depot, Inc. (NYSE:HD)

Ashton Thomas Securities LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,248 shares of the home improvement retailer’s stock after acquiring an additional 155 shares during the period. Ashton Thomas Securities LLC’s holdings in Home Depot were worth $1,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Synergy Asset Management LLC bought a new position in Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter worth about $32,000. NewSquare Capital LLC raised its position in Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after buying an additional 68 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in Home Depot in the 3rd quarter valued at approximately $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial cut their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird decreased their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $435.85.

Home Depot Price Performance

HD stock opened at $363.97 on Tuesday. The company’s 50-day moving average price is $393.46 and its two-hundred day moving average price is $399.16. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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 firm has a market cap of $361.55 billion, a P/E ratio of 24.73, a P/E/G ratio of 4.03 and a beta of 1.09.

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 the consensus estimate 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 net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 2.53%. The ex-dividend date is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is currently 61.66%.

Home Depot Company 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.