River Global Investors LLP Sells 1,970 Shares of The Home Depot, Inc. (NYSE:HD)

River Global Investors LLP decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 45.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,356 shares of the home improvement retailer’s stock after selling 1,970 shares during the period. River Global Investors LLP’s holdings in Home Depot were worth $917,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the 4th quarter worth about $32,000. NewSquare Capital LLC increased its stake 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 position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HD shares. Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Robert W. Baird decreased their target price on 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 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 report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Down 1.3 %

Shares of NYSE:HD opened at $376.66 on Friday. The company has a market cap of $374.16 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a fifty day moving average price of $400.21 and a two-hundred day moving average price of $399.59. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. During the same period in the previous year, the business earned $2.82 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $2.30 dividend. 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 yield of 2.44%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) 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.