The Home Depot, Inc. (NYSE:HD) is SGL Investment Advisors Inc.’s 5th Largest Position

SGL Investment Advisors Inc. increased its stake in The Home Depot, Inc. (NYSE:HD) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,910 shares of the home improvement retailer’s stock after purchasing an additional 408 shares during the quarter. Home Depot accounts for 3.3% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 5th largest position. SGL Investment Advisors Inc.’s holdings in Home Depot were worth $6,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in HD. Sherbrooke Park Advisers LLC increased its holdings in Home Depot by 400.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 3,486 shares of the home improvement retailer’s stock valued at $1,356,000 after acquiring an additional 2,790 shares in the last quarter. Sig Brokerage LP acquired a new stake in shares of Home Depot during the 4th quarter worth about $1,030,000. Rafferty Asset Management LLC boosted its stake in shares of Home Depot by 14.1% during the 4th quarter. Rafferty Asset Management LLC now owns 113,325 shares of the home improvement retailer’s stock worth $44,082,000 after purchasing an additional 13,984 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Home Depot during the 4th quarter worth about $56,917,000. Finally, Redwood Investment Management LLC boosted its stake in shares of Home Depot by 28.2% during the 4th quarter. Redwood Investment Management LLC now owns 2,467 shares of the home improvement retailer’s stock worth $960,000 after purchasing an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Home Depot from $391.00 to $393.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.32.

Home Depot Trading Up 1.7%

NYSE HD opened at $379.13 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company’s 50 day moving average price is $357.87 and its 200 day moving average price is $388.12. 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 has a market capitalization of $376.87 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Home Depot 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.