Bradley & Co. Private Wealth Management LLC Buys Shares of 82 The Home Depot, Inc. (NYSE:HD)

Bradley & Co. Private Wealth Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 82 shares of the home improvement retailer’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Synergy Asset Management LLC acquired a new position in Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the 3rd quarter valued at approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $41,000. Finally, Marshall Investment Management LLC acquired a new position in Home Depot during the fourth quarter worth $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 2.9 %

HD stock opened at $393.52 on Wednesday. The stock has a market capitalization of $390.90 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a fifty day moving average of $401.23 and a 200-day moving average of $398.48. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 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%. Home Depot’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 earnings per share. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared 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 represents a $9.20 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 61.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HD. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Stifel Nicolaus boosted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Mizuho increased their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Truist Financial lifted their price objective on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

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.