Aptus Capital Advisors LLC Purchases 13,856 Shares of The Home Depot, Inc. (NYSE:HD)

Aptus Capital Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 66.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,639 shares of the home improvement retailer’s stock after buying an additional 13,856 shares during the period. Aptus Capital Advisors LLC’s holdings in Home Depot were worth $13,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the fourth quarter valued at approximately $28,000. Navigoe LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the fourth quarter worth approximately $32,000. Finally, Quarry LP increased its holdings in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 66 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial decreased their price objective on Home Depot from $437.00 to $391.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. HSBC raised 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 report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.08.

Home Depot Trading Up 1.7 %

HD opened at $364.41 on Friday. The stock has a market capitalization of $362.24 billion, a PE ratio of 24.76, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. 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 business’s 50 day moving average price is $360.97 and its 200 day moving average price is $390.53.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. Home Depot’s payout ratio is presently 61.66%.

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.