<div id="readability-page-1"><p>Lighthouse Investment Partners LLC bought a new stake in  The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,552 shares of the home improvement retailer's stock, valued at approximately $2,549,000.</p><ul><li>Should You Ditch Index Funds? Why High-Yield ETFs Might Be Better</li></ul><p>Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in  Home Depot during the fourth quarter worth $5,032,910,000.  Raymond James Financial Inc. bought a new stake in  Home Depot during the fourth quarter worth $2,212,546,000.  Proficio Capital Partners LLC lifted its holdings in  Home Depot by 21,394.9% during the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock worth $793,486,000 after acquiring an additional 2,030,372 shares during the period.  Northern Trust Corp lifted its holdings in  Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after acquiring an additional 1,424,857 shares during the period.  Finally, Castlekeep Investment Advisors LLC bought a new stake in  Home Depot during the fourth quarter worth $471,189,000. Institutional investors own  70.86% of the company's stock. </p><h2>Home Depot Price Performance</h2><p>NYSE:HD opened at $373.66 on Wednesday. The firm has a market capitalization of $371.43 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a fifty day moving average of $357.86 and a 200 day moving average of $388.40. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. </p><ul><li>Lowe’s Pro Segment Boost: $1.3B Deal May Fuel Rebound</li></ul><p>Home Depot (NYSE:HD - Get Free Report) last posted 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 company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $2.82 earnings per share.  On average, research analysts expect that  The Home Depot, Inc. will post 15.13 EPS for the current fiscal year. </p><h2>Home Depot Increases Dividend</h2><p>The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend  was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.46%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is 61.66%. </p><h2>Analyst Ratings Changes</h2><ul><li>Home Depot Stock: Is Magic Apron a Gimmick or a Game Changer?</li></ul><p>A number of analysts recently commented on HD shares. Truist Financial lifted their price target on Home Depot from $391.00 to $393.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, May 6th. Royal Bank of Canada decreased their target price on Home Depot from $431.00 to $424.00 and set a &#34;sector perform&#34; rating for the company in a research report on Wednesday, February 26th. KGI Securities raised Home Depot to a &#34;strong-buy&#34; rating in a research report on Monday, March 3rd. Gordon Haskett downgraded Home Depot from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, April 4th. Finally, HSBC raised Home Depot from a &#34;reduce&#34; rating to a &#34;hold&#34; rating and raised their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one  has issued  a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $430.32.</p><p><b>View Our Latest Analysis on Home Depot</b></p><h2>About Home Depot</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Home Depot</li><li>TSX Venture Exchange (Formerly Canadian Venture Exchange)</li><li>NVIDIA Stock Surges on Bullish News: How High Could It Climb?</li><li>What is a Dividend Harvesting Strategy and How Can Investors Profit from it?</li><li>Why Boeing May Be Ready to Take Off After Latest Developments</li><li>What Investors Must Know About Over-the-Counter (OTC) Stocks</li><li>eBay Nears Big Breakout: Time to Buy the Under-the-Radar Winner?</li></ul><p><strong>Want to see what other hedge funds are holding HD?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Home Depot Right Now?</h2><p>Before you consider Home Depot, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Home Depot wasn't on the list.</p><p>While Home Depot currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Lighthouse Investment Partners LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD) worth approximately $2.55 million during the fourth quarter, as reported in their recent SEC filing. The firm purchased 6,552 shares, contributing to a trend where other large investors also increased their holdings in Home Depot. The company recently reported strong quarterly earnings, beating estimates, and declared a dividend increase. Analysts have mixed ratings on the stock, with an average target price of $430.32 and a consensus rating of "Moderate Buy."</p>

Lighthouse Investment Partners LLC Takes $2.55 Million Position in The Home Depot, Inc. (NYSE:HD)