May 24, 2022

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Masters of home interior

The Home Depot, Inc. (NYSE:HD) Holdings Boosted by Allen Capital Group LLC

4 min read

Allen Capital Group LLC boosted its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 125.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,832 shares of the home improvement retailer’s stock after buying an additional 13,826 shares during the period. Home Depot makes up about 5.5% of Allen Capital Group LLC’s holdings, making the stock its 9th biggest position. Allen Capital Group LLC’s holdings in Home Depot were worth $10,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Home Depot by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 16,219,770 shares of the home improvement retailer’s stock worth $5,308,879,000 after purchasing an additional 389,582 shares in the last quarter. Morgan Stanley lifted its stake in shares of Home Depot by 3.8% in the third quarter. Morgan Stanley now owns 11,938,903 shares of the home improvement retailer’s stock valued at $3,919,065,000 after purchasing an additional 433,190 shares during the period. Alliancebernstein L.P. boosted its holdings in Home Depot by 3.8% during the third quarter. Alliancebernstein L.P. now owns 10,303,981 shares of the home improvement retailer’s stock worth $3,382,385,000 after buying an additional 372,867 shares in the last quarter. Fisher Asset Management LLC grew its position in Home Depot by 2.6% during the third quarter. Fisher Asset Management LLC now owns 7,484,008 shares of the home improvement retailer’s stock worth $2,456,701,000 after buying an additional 190,411 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in Home Depot by 11.4% in the third quarter. UBS Asset Management Americas Inc. now owns 5,903,692 shares of the home improvement retailer’s stock valued at $1,937,946,000 after buying an additional 605,827 shares in the last quarter. Hedge funds and other institutional investors own 69.52% of the company’s stock.

A number of research analysts have issued reports on the stock. Telsey Advisory Group dropped their target price on shares of Home Depot from $425.00 to $375.00 and set an “outperform” rating for the company in a report on Wednesday, February 23rd. The Goldman Sachs Group dropped their target price on shares of Home Depot from $413.00 to $402.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. DA Davidson increased their target price on shares of Home Depot from $395.00 to $420.00 in a report on Thursday, December 30th. Oppenheimer raised shares of Home Depot from a “market perform” rating to an “outperform” rating and set a $470.00 target price for the company in a report on Monday, December 6th. Finally, Robert W. Baird dropped their target price on shares of Home Depot from $425.00 to $380.00 in a report on Tuesday, February 22nd. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $394.48.

Shares of NYSE HD opened at $317.05 on Thursday. The Home Depot, Inc. has a 1 year low of $288.99 and a 1 year high of $420.61. The firm’s 50 day moving average price is $342.42 and its 200 day moving average price is $362.62. The firm has a market cap of $331.08 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.24 and a current ratio of 1.01.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings results on Monday, February 21st. The home improvement retailer reported $3.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.18 by $0.03. The company had revenue of $35.72 billion for the quarter, compared to analyst estimates of $34.85 billion. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. Home Depot’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $2.74 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 16.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th will be issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Wednesday, March 9th. This is a positive change from Home Depot’s previous quarterly dividend of $1.65. Home Depot’s dividend payout ratio (DPR) is 48.97%.

About Home Depot (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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