Atlas Financial Advisors Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 758 shares of the home improvement retailer's stock, valued at approximately $239,000. Home Depot makes up about 0.3% of Atlas Financial Advisors Inc.'s investment portfolio, making the stock its 20th biggest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Personal Financial Services raised its stake in shares of Home Depot by 81.1% during the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer's stock worth $26,000 after acquiring an additional 43 shares in the last quarter. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the first quarter worth approximately $27,000. Align Wealth Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth approximately $30,000. Glassy Mountain Advisors Inc. purchased a new position in shares of Home Depot during the fourth quarter worth approximately $30,000. Finally, Bellwether Advisors LLC raised its stake in shares of Home Depot by 74.0% during the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer's stock worth $35,000 after acquiring an additional 54 shares in the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.
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Home Depot Stock Performance
HD stock opened at $294.96 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The business's fifty day simple moving average is $302.24 and its two-hundred day simple moving average is $303.78. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $347.25. The firm has a market cap of $299.37 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.71 and a beta of 0.93.
Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $0.04. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The business had revenue of $35.83 billion for the quarter, compared to analyst estimates of $36 billion. During the same quarter last year, the firm posted $3.21 earnings per share. The business's revenue was up .3% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.85 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 23rd. Shareholders of record on Thursday, March 9th were paid a $2.09 dividend. This is a positive change from Home Depot's previous quarterly dividend of $1.90. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a yield of 2.83%. Home Depot's dividend payout ratio (DPR) is presently 50.12%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on HD shares. Evercore ISI cut their target price on shares of Home Depot from $370.00 to $340.00 and set an "outperform" rating on the stock in a report on Wednesday, February 22nd. Piper Sandler dropped their target price on shares of Home Depot from $320.00 to $300.00 in a report on Wednesday, February 15th. Robert W. Baird dropped their target price on shares of Home Depot from $360.00 to $340.00 and set an "outperform" rating on the stock in a report on Tuesday, February 21st. DA Davidson lowered their price target on Home Depot from $334.00 to $306.00 and set a "neutral" rating for the company in a research report on Wednesday, February 22nd. Finally, Sanford C. Bernstein initiated coverage on Home Depot in a research report on Tuesday, December 6th. They issued a "market perform" rating and a $337.00 target price for the company. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $330.61.
Home Depot Company Profile
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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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