SeaCrest Wealth Management LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,746 shares of the home improvement retailer’s stock after acquiring an additional 81 shares during the period. The Home Depot makes up about 0.7% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. SeaCrest Wealth Management LLC’s holdings in The Home Depot were worth $5,245,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Flagship Private Wealth LLC purchased a new position in shares of The Home Depot during the 4th quarter valued at about $32,000. Westchester Capital Management Inc. purchased a new position in shares of The Home Depot during the 4th quarter valued at about $33,000. Claudia M.P. Batlle CRP R LLC purchased a new position in shares of The Home Depot during the 3rd quarter valued at about $34,000. Johnson Midwest Financial LLC purchased a new position in shares of The Home Depot during the 4th quarter valued at about $40,000. Finally, Catalyst Private Wealth LLC purchased a new position in shares of The Home Depot during the 3rd quarter valued at about $45,000. Institutional investors own 68.71% of the company’s stock.
Shares of HD stock traded down $16.33 on Tuesday, reaching $259.52. 153,940 shares of the stock were exchanged, compared to its average volume of 3,636,138. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39. The business’s 50 day moving average price is $275.56 and its 200 day moving average price is $275.77. The company has a market capitalization of $279.40 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a twelve month low of $140.63 and a twelve month high of $292.95.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 25th. Investors of record on Thursday, March 11th will be paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s payout ratio is presently 58.54%.
Several equities analysts recently weighed in on HD shares. Wedbush lowered The Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 11th. Piper Sandler lifted their price target on The Home Depot from $288.00 to $296.00 and gave the company a “neutral” rating in a research note on Wednesday, November 18th. They noted that the move was a valuation call. Gordon Haskett upgraded The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price target for the company in a research note on Thursday, November 12th. DA Davidson cut their price target on The Home Depot from $315.00 to $295.00 and set a “neutral” rating for the company in a research note on Wednesday, November 18th. Finally, Telsey Advisory Group upgraded The Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $300.00 to $315.00 in a research note on Monday, November 16th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $293.25.
The Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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