Firethorn Wealth Partners LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Firethorn Wealth Partners LLC bought a new stake in The Home Depot, Inc. (NYSE:HDGet Rating) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,598 shares of the home improvement retailer’s stock, valued at approximately $663,000.

A number of other hedge funds also recently added to or reduced their stakes in HD. Quantinno Capital Management LP raised its holdings in Home Depot by 1.6% in the third quarter. Quantinno Capital Management LP now owns 1,730 shares of the home improvement retailer’s stock worth $568,000 after purchasing an additional 27 shares in the last quarter. Trilogy Capital Inc. grew its position in shares of Home Depot by 4.0% in the 4th quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock worth $304,000 after buying an additional 28 shares during the period. Smith Anglin Financial LLC increased its stake in shares of Home Depot by 1.1% in the 4th quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer’s stock worth $1,068,000 after acquiring an additional 28 shares in the last quarter. Palisades Hudson Asset Management L.P. lifted its position in Home Depot by 1.1% during the 4th quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock valued at $1,045,000 after acquiring an additional 28 shares during the period. Finally, Charter Oak Capital Management LLC boosted its stake in Home Depot by 1.2% during the third quarter. Charter Oak Capital Management LLC now owns 2,465 shares of the home improvement retailer’s stock worth $809,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.

Shares of NYSE:HD traded up $12.64 during mid-day trading on Thursday, reaching $314.24. 180,722 shares of the company traded hands, compared to its average volume of 4,968,072. The company’s 50 day moving average price is $315.74 and its 200-day moving average price is $357.98. The firm has a market cap of $324.72 billion, a PE ratio of 19.43, a PEG ratio of 1.99 and a beta of 1.04. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.01 and a quick ratio of 0.24. The Home Depot, Inc. has a 52 week low of $293.59 and a 52 week high of $420.61.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.01. The company had revenue of $35.72 billion during the quarter, compared to the consensus estimate of $34.85 billion. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.74 EPS. On average, research analysts predict that The Home Depot, Inc. will post 16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 10th were paid a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This is an increase from Home Depot’s previous quarterly dividend of $1.65. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.42%. Home Depot’s payout ratio is 48.97%.

A number of equities research analysts have recently commented on the company. Telsey Advisory Group cut their target price on Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. DA Davidson upped their price target on shares of Home Depot from $395.00 to $420.00 in a research note on Thursday, December 30th. UBS Group dropped their price target on shares of Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. OTR Global upgraded shares of Home Depot from a “mixed” rating to a “positive” rating in a research note on Tuesday, February 15th. Finally, Truist Financial dropped 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 note on Wednesday, February 23rd. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $387.08.

In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the company’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $309.80, for a total value of $156,139.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Home Depot Profile (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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