The Home Depot, Inc. (NYSE:HD) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 54.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,906 shares of the home improvement retailer’s stock after selling 3,525 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Home Depot were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Home Depot by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 85,155 shares of the home improvement retailer’s stock worth $33,124,000 after acquiring an additional 249 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Home Depot by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 11,477 shares of the home improvement retailer’s stock worth $4,465,000 after acquiring an additional 76 shares during the last quarter. Fjell Capital LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $1,035,000. Weil Company Inc. increased its stake in shares of Home Depot by 10.7% in the 4th quarter. Weil Company Inc. now owns 2,074 shares of the home improvement retailer’s stock worth $807,000 after acquiring an additional 201 shares during the last quarter. Finally, Advisor OS LLC increased its stake in shares of Home Depot by 2.9% in the 4th quarter. Advisor OS LLC now owns 5,283 shares of the home improvement retailer’s stock worth $2,055,000 after acquiring an additional 147 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD opened at $390.40 on Thursday. The stock has a 50-day simple moving average of $401.17 and a 200-day simple moving average of $398.42. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a market capitalization of $387.81 billion, a PE ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The business 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 business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Piper Sandler cut their target price on Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Wedbush reaffirmed an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday. Guggenheim reiterated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday. Finally, Wells Fargo & Company increased their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot 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.