Atala Financial Inc Buys Shares of 4,547 The Home Depot, Inc. (NYSE:HD)

Atala Financial Inc purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,547 shares of the home improvement retailer’s stock, valued at approximately $1,769,000. Home Depot accounts for about 1.2% of Atala Financial Inc’s investment portfolio, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LBP AM SA increased its holdings in shares of Home Depot by 97.6% in the fourth quarter. LBP AM SA now owns 102,033 shares of the home improvement retailer’s stock valued at $39,690,000 after purchasing an additional 50,409 shares during the last quarter. Integras Partners LLC purchased a new position in Home Depot in the fourth quarter worth approximately $3,443,000. Madison Investment Advisors LLC purchased a new position in Home Depot in the fourth quarter worth approximately $41,693,000. JPL Wealth Management LLC purchased a new position in Home Depot in the fourth quarter worth approximately $3,193,000. Finally, Phillips Financial Management LLC grew its position in Home Depot by 4.0% in the fourth quarter. Phillips Financial Management LLC now owns 1,216 shares of the home improvement retailer’s stock worth $473,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 4.7 %

Home Depot stock opened at $347.42 on Friday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market cap of $345.12 billion, a PE ratio of 23.60, a P/E/G ratio of 4.03 and a beta of 1.09. The stock’s fifty day moving average is $398.19 and its two-hundred day moving average is $399.42.

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

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.65%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is 61.66%.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Guggenheim reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $436.50.

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.