Cambridge Investment Research Advisors Inc. Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Cambridge Investment Research Advisors Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 213,799 shares of the home improvement retailer’s stock after purchasing an additional 2,209 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Home Depot were worth $74,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bey Douglas LLC acquired a new position in Home Depot during the 4th quarter valued at about $913,000. Hartline Investment Corp increased its stake in Home Depot by 3.0% during the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after purchasing an additional 460 shares in the last quarter. Wolf Group Capital Advisors lifted its stake in shares of Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares during the period. Alliance Wealth Management Group purchased a new stake in shares of Home Depot during the fourth quarter valued at $253,000. Finally, Zullo Investment Group Inc. grew its holdings in shares of Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock valued at $2,826,000 after buying an additional 504 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Home Depot stock traded down $3.99 during trading hours on Thursday, reaching $326.60. 1,397,526 shares of the stock were exchanged, compared to its average volume of 3,374,895. The stock has a market cap of $323.86 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.32 and a beta of 1.01. The firm’s 50 day moving average is $352.48 and its 200 day moving average is $347.49. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period last year, the firm earned $3.82 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.31 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Wednesday, May 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. DA Davidson reiterated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. Stifel Nicolaus lifted their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. Truist Financial reduced their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, StockNews.com upgraded Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

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.