The Home Depot, Inc. (NYSE:HD) Shares Bought by LM Advisors LLC

LM Advisors LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 111.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,095 shares of the home improvement retailer’s stock after purchasing an additional 2,687 shares during the period. LM Advisors LLC’s holdings in Home Depot were worth $1,982,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $32,000. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC raised its stake in shares of 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 in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.3 %

NYSE:HD opened at $362.01 on Thursday. 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 firm’s fifty day moving average is $391.94 and its 200-day moving average is $398.90. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a market cap of $359.61 billion, a P/E ratio of 24.59, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm 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 business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. Home Depot’s dividend payout ratio is 61.66%.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird lowered their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company raised their target price on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler cut their target price on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Nine 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $435.85.

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.