Towerpoint Wealth LLC lowered its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,276 shares of the home improvement retailer’s stock after selling 60 shares during the quarter. Towerpoint Wealth LLC’s holdings in Home Depot were worth $922,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the 2nd quarter valued at about $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot during the 1st quarter worth about $38,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the fourth quarter worth about $39,000. Finally, Denver PWM LLC acquired a new position in shares of Home Depot in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on HD shares. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Truist Financial lowered their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.38.
Home Depot Stock Performance
Shares of NYSE HD remained flat at $409.96 during midday trading on Friday. The stock had a trading volume of 398,049 shares, compared to its average volume of 3,377,704. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $420.03. The stock’s 50-day moving average price is $377.21 and its two-hundred day moving average price is $357.09. The company has a market capitalization of $407.21 billion, a PE ratio of 27.59, a PEG ratio of 2.88 and a beta of 1.00.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 EPS. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is 60.57%.
Home Depot Company 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.
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