Stegner Investment Associates Inc. Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Stegner Investment Associates Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 666 shares of the home improvement retailer’s stock after buying an additional 30 shares during the period. Home Depot accounts for about 0.2% of Stegner Investment Associates Inc.’s holdings, making the stock its 24th largest holding. Stegner Investment Associates Inc.’s holdings in Home Depot were worth $259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the fourth quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the 4th quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 3rd quarter worth approximately $41,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird decreased their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Mizuho increased their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Piper Sandler dropped their price objective on Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Trading Down 2.1 %

NYSE:HD opened at $381.55 on Wednesday. The business’s 50 day moving average is $401.00 and its two-hundred day moving average is $399.71. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a market cap of $379.02 billion, a PE ratio of 25.92, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its earnings results 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 analysts’ expectations of $39.15 billion. During the same period in the prior year, the company earned $2.82 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.41%. This is a boost 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.