Capital International Inc. CA Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Capital International Inc. CA increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,123 shares of the home improvement retailer’s stock after purchasing an additional 6,508 shares during the period. Capital International Inc. CA’s holdings in Home Depot were worth $44,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Home Depot in the fourth quarter worth approximately $5,032,910,000. Raymond James Financial Inc. bought a new position in Home Depot in the fourth quarter worth approximately $2,212,546,000. Proficio Capital Partners LLC boosted its stake in shares of Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock worth $793,486,000 after acquiring an additional 2,030,372 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer’s stock valued at $37,251,142,000 after acquiring an additional 875,836 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Home Depot by 559.5% in the 4th quarter. APG Asset Management N.V. now owns 1,032,082 shares of the home improvement retailer’s stock worth $387,706,000 after purchasing an additional 875,591 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 2.6 %

NYSE HD opened at $354.85 on Friday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The firm has a market capitalization of $352.73 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 4.03 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a fifty day moving average of $369.30 and a two-hundred day moving average of $394.32.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS 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 the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.59%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analyst Ratings Changes

A number of research firms have commented on HD. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Piper Sandler decreased their price objective on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Finally, Truist Financial dropped their price objective on Home Depot from $437.00 to $391.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $434.08.

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.