The Home Depot, Inc. (NYSE:HD) Shares Bought by Stokes Family Office LLC

Stokes Family Office LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,510 shares of the home improvement retailer’s stock after purchasing an additional 1,260 shares during the period. Home Depot comprises approximately 0.8% of Stokes Family Office LLC’s investment portfolio, making the stock its 27th biggest holding. Stokes Family Office LLC’s holdings in Home Depot were worth $7,589,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. North Forty Two & Co. acquired a new position in shares of Home Depot in the fourth quarter worth about $458,000. VSM Wealth Advisory LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $996,000. Brooklyn FI LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $2,312,000. Enhancing Capital LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $646,000. Finally, Xponance Inc. raised its position in shares of Home Depot by 2.0% in the fourth quarter. Xponance Inc. now owns 221,145 shares of the home improvement retailer’s stock worth $86,023,000 after acquiring an additional 4,290 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler cut their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Robert W. Baird cut their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price 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, JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Performance

Shares of HD stock opened at $349.39 on Wednesday. The firm’s 50 day moving average price is $396.03 and its 200-day moving average price is $399.40. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $347.07 billion, a P/E ratio of 23.74, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the prior year, the business posted $2.82 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research 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 dividend of $2.30 per share. 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 dividend on an annualized basis and a yield of 2.63%. Home Depot’s dividend payout ratio is 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.