2,430 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,430 shares of the home improvement retailer’s stock, valued at approximately $945,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Thoroughbred Financial Services LLC increased its position in Home Depot by 1.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 33,604 shares of the home improvement retailer’s stock valued at $13,071,000 after acquiring an additional 593 shares during the last quarter. Yoffe Investment Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $1,090,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Home Depot by 2.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,613 shares of the home improvement retailer’s stock worth $1,017,000 after purchasing an additional 73 shares during the period. Uniting Wealth Partners LLC purchased a new position in shares of Home Depot in the fourth quarter worth approximately $368,000. Finally, Grant Private Wealth Management Inc bought a new stake in Home Depot during the fourth quarter valued at approximately $511,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HD shares. Wells Fargo & Company increased their price target 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. Gordon Haskett downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Truist Financial lowered their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Trading Down 0.6 %

HD stock opened at $353.78 on Friday. The firm’s fifty day simple moving average is $384.89 and its two-hundred day simple moving average is $398.25. The stock has a market capitalization of $351.67 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the company posted $2.82 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is 61.66%.

About Home Depot

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.