The Home Depot, Inc. (NYSE:HD) is Providence Capital Advisors LLC’s 10th Largest Position

Providence Capital Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,843 shares of the home improvement retailer’s stock after acquiring an additional 269 shares during the period. Home Depot accounts for approximately 1.7% of Providence Capital Advisors LLC’s portfolio, making the stock its 10th biggest position. Providence Capital Advisors LLC’s holdings in Home Depot were worth $8,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Synergy Asset Management LLC purchased a new stake in Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the fourth quarter valued at about $32,000. Sellwood Investment Partners LLC purchased a new position in Home Depot during the fourth quarter worth about $39,000. Finally, NewSquare Capital LLC increased its position in shares of Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HD. Robert W. Baird lowered their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Stock Up 0.2 %

Home Depot stock opened at $362.96 on Friday. The stock has a 50 day moving average of $391.01 and a two-hundred day moving average of $398.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 stock has a market capitalization of $360.55 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $2.82 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This is an increase 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 2.53%. Home Depot’s payout ratio is 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.