Ritter Daniher Financial Advisory LLC DE Buys 59 Shares of The Home Depot, Inc. (NYSE:HD)

Ritter Daniher Financial Advisory LLC DE boosted its position in The Home Depot, Inc. (NYSE:HD) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 749 shares of the home improvement retailer’s stock after buying an additional 59 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Home Depot were worth $291,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Trek Financial LLC raised its position in shares of Home Depot by 1.3% during the fourth quarter. Trek Financial LLC now owns 2,972 shares of the home improvement retailer’s stock worth $1,156,000 after purchasing an additional 39 shares during the period. Prospector Partners LLC raised its holdings in Home Depot by 0.3% during the fourth quarter. Prospector Partners LLC now owns 32,586 shares of the home improvement retailer’s stock worth $12,676,000 after buying an additional 87 shares during the last quarter. Aristides Capital LLC lifted its stake in shares of Home Depot by 122.0% in the fourth quarter. Aristides Capital LLC now owns 8,880 shares of the home improvement retailer’s stock valued at $3,454,000 after buying an additional 4,880 shares in the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Home Depot by 3.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,048 shares of the home improvement retailer’s stock valued at $1,575,000 after buying an additional 135 shares during the last quarter. Finally, Sepio Capital LP bought a new stake in shares of Home Depot during the fourth quarter worth about $328,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HD shares. HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial cut their price objective on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Robert W. Baird lowered their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $435.85.

Home Depot Trading Down 0.6 %

Shares of HD opened at $353.78 on Friday. The business’s 50-day moving average price is $384.89 and its 200-day moving average price is $398.25. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market cap of $351.67 billion, a PE ratio of 24.03, a P/E/G ratio of 4.03 and a beta of 1.08.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

About Home Depot

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.