Schwarz Dygos Wheeler Investment Advisors LLC Buys 167 Shares of The Home Depot, Inc. (NYSE:HD)

Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,419 shares of the home improvement retailer’s stock after purchasing an additional 167 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Home Depot were worth $1,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $32,000. NewSquare Capital LLC lifted its position in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after acquiring an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $41,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.3 %

HD stock opened at $376.66 on Monday. 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 company has a market cap of $374.16 billion, a P/E ratio of 25.59, a PEG ratio of 4.03 and a beta of 1.09. The business has a fifty day moving average of $400.21 and a 200-day moving average of $400.02.

Home Depot (NYSE:HD) last announced 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. The firm had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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. This represents a $9.20 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HD shares. Truist Financial cut their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price target for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $436.50.

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.