Hirtle Callaghan & Co LLC Buys 90 Shares of The Home Depot, Inc. (NYSE:HD)

Hirtle Callaghan & Co LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,276 shares of the home improvement retailer’s stock after acquiring an additional 90 shares during the period. Hirtle Callaghan & Co LLC’s holdings in Home Depot were worth $496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Towercrest Capital Management increased its holdings in shares of Home Depot by 68.7% in the fourth quarter. Towercrest Capital Management now owns 2,202 shares of the home improvement retailer’s stock worth $857,000 after acquiring an additional 897 shares in the last quarter. Woodmont Investment Counsel LLC grew its position in shares of Home Depot by 2.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 16,718 shares of the home improvement retailer’s stock valued at $6,503,000 after purchasing an additional 366 shares during the period. Congress Wealth Management LLC DE increased its stake in Home Depot by 2.1% during the 4th quarter. Congress Wealth Management LLC DE now owns 106,270 shares of the home improvement retailer’s stock worth $41,338,000 after purchasing an additional 2,160 shares in the last quarter. Clune & Associates LTD. bought a new stake in Home Depot during the 4th quarter worth approximately $221,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Home Depot during the 4th quarter worth approximately $64,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on HD shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Piper Sandler reduced their price target on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Price Performance

Shares of HD opened at $352.12 on Monday. The firm has a market capitalization of $349.78 billion, a PE ratio of 23.92, a PEG ratio of 4.03 and a beta of 1.09. The company’s 50-day moving average is $393.97 and its 200-day moving average is $399.14. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week 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.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The company 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%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.61%. Home Depot’s dividend payout ratio is presently 61.66%.

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.