Principal Street Partners LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 17.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,450 shares of the home improvement retailer’s stock after purchasing an additional 359 shares during the period. Principal Street Partners LLC’s holdings in Home Depot were worth $676,000 at the end of the most recent reporting period.

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Several other institutional investors also recently bought and sold shares of the stock. Powell Investment Advisors LLC raised its holdings in Home Depot by 27.3% during the third quarter. Powell Investment Advisors LLC now owns 2,337 shares of the home improvement retailer’s stock valued at $645,000 after buying an additional 501 shares in the last quarter. Zacks Investment Management raised its holdings in Home Depot by 1.2% during the third quarter. Zacks Investment Management now owns 436,328 shares of the home improvement retailer’s stock valued at $120,401,000 after buying an additional 5,073 shares in the last quarter. Baader Bank Aktiengesellschaft raised its holdings in Home Depot by 373.7% during the third quarter. Baader Bank Aktiengesellschaft now owns 45,710 shares of the home improvement retailer’s stock valued at $12,614,000 after buying an additional 36,060 shares in the last quarter. Eaton Vance Management raised its holdings in Home Depot by 7.9% during the third quarter. Eaton Vance Management now owns 1,066,539 shares of the home improvement retailer’s stock valued at $294,301,000 after buying an additional 77,729 shares in the last quarter. Finally, GHE LLC bought a new position in Home Depot during the third quarter valued at about $356,000. 68.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on HD shares. The Goldman Sachs Group cut their target price on Home Depot from $366.00 to $329.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Piper Sandler dropped their price objective on Home Depot from $320.00 to $300.00 in a research note on Wednesday, February 15th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. Guggenheim dropped their price objective on Home Depot to $335.00 in a research note on Thursday, November 17th. Finally, MKM Partners dropped their price objective on Home Depot from $330.00 to $312.00 in a research note on Wednesday, November 9th. Thirteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $331.45.

Home Depot Price Performance

Shares of HD traded down $2.89 on Friday, hitting $296.42. The company’s stock had a trading volume of 2,023,491 shares, compared to its average volume of 3,475,700. The company has a market capitalization of $303.45 billion, a PE ratio of 17.78, a PEG ratio of 1.60 and a beta of 0.93. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $347.25. The company has a 50 day moving average price of $319.17 and a 200 day moving average price of $306.06.

Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $3.26 by $0.04. The business had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. Home Depot’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.21 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 16.53 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 23rd. Stockholders of record on Thursday, March 9th will be issued a $2.09 dividend. This is an increase from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s payout ratio is presently 45.56%.

About Home Depot

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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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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