Bailard Inc. Increases Position in The Home Depot, Inc. (NYSE:HD)

Bailard Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,895 shares of the home improvement retailer’s stock after purchasing an additional 1,277 shares during the quarter. Home Depot comprises 1.1% of Bailard Inc.’s portfolio, making the stock its 20th largest position. Bailard Inc.’s holdings in Home Depot were worth $33,157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Shore Point Advisors LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $26,000. Barnett & Company Inc. lifted its position in Home Depot by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Retirement Group LLC lifted its position in Home Depot by 111.1% during the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Macroview Investment Management LLC lifted its position in Home Depot by 83.3% during the fourth quarter. Macroview Investment Management LLC now owns 110 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 50 shares during the period. Finally, Andrew Hill Investment Advisors Inc. bought a new position in Home Depot during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.61% of the company’s stock.

Several research firms have weighed in on HD. Truist Financial decreased their price target on shares of Home Depot from $448.00 to $405.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. StockNews.com began coverage on shares of Home Depot in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Telsey Advisory Group decreased their price target on shares of Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 23rd. Wedbush decreased their price target on shares of Home Depot from $410.00 to $340.00 in a research report on Wednesday, February 23rd. Finally, TheStreet downgraded shares of Home Depot from a “b” rating to a “c+” rating in a research report on Tuesday, February 22nd. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $385.26.

HD traded up $6.34 during trading on Friday, hitting $296.03. 3,949,134 shares of the company traded hands, compared to its average volume of 3,880,574. The company has a market cap of $305.91 billion, a PE ratio of 19.07, a P/E/G ratio of 1.82 and a beta of 0.97. The stock’s 50-day simple moving average is $309.87 and its two-hundred day simple moving average is $353.39. The Home Depot, Inc. has a 1 year low of $280.63 and a 1 year high of $420.61. The company has a current ratio of 1.01, a quick ratio of 0.24 and a debt-to-equity ratio of 35.47.

Home Depot (NYSE:HDGet Rating) last posted its earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.01. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The company had revenue of $35.72 billion during the quarter, compared to analysts’ expectations of $34.85 billion. During the same period last year, the company posted $2.74 earnings per share. Home Depot’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $7.60 annualized dividend and a yield of 2.57%. This is a positive change from Home Depot’s previous quarterly dividend of $1.65. Home Depot’s dividend payout ratio (DPR) is 48.97%.

In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the stock in a transaction on Friday, March 25th. The shares were sold at an average price of $309.80, for a total transaction of $156,139.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

About Home Depot (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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