NewSquare Capital LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

NewSquare Capital LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 200.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102 shares of the home improvement retailer’s stock after purchasing an additional 68 shares during the quarter. NewSquare Capital LLC’s holdings in Home Depot were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. SYM FINANCIAL Corp boosted its stake in shares of Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares during the period. Wealth Group Ltd. purchased a new stake in Home Depot during the 3rd quarter worth $217,000. Swedbank AB lifted its holdings in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares in the last quarter. Impax Asset Management Group plc boosted its position in Home Depot by 81.8% in the 3rd quarter. Impax Asset Management Group plc now owns 9,558 shares of the home improvement retailer’s stock valued at $3,873,000 after buying an additional 4,300 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Home Depot by 2.4% during the third quarter. Amalgamated Bank now owns 215,374 shares of the home improvement retailer’s stock valued at $87,270,000 after acquiring an additional 5,043 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler reduced their price objective on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Stock Up 1.3 %

Shares of Home Depot stock opened at $386.82 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business’s fifty day moving average price is $400.81 and its two-hundred day moving average price is $399.62. The company has a market capitalization of $384.25 billion, a P/E ratio of 26.28, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share 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 business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.38%. 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.