Vectors Research Management LLC Sells 93 Shares of The Home Depot, Inc. (NYSE:HD)

Vectors Research Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,336 shares of the home improvement retailer’s stock after selling 93 shares during the quarter. Vectors Research Management LLC’s holdings in Home Depot were worth $2,968,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC bought a new position in shares of Home Depot in the second quarter worth about $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the 2nd quarter worth $33,000. Denver PWM LLC bought a new position in Home Depot in the 2nd quarter valued at $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the second quarter worth $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 1.1 %

Home Depot stock opened at $405.60 on Friday. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56. The firm has a market capitalization of $402.88 billion, a PE ratio of 27.55, a P/E/G ratio of 2.83 and a beta of 1.01. The company’s 50-day moving average is $397.67 and its 200-day moving average is $365.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the firm earned $3.81 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.06 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s payout ratio is presently 61.14%.

Analyst Ratings Changes

A number of research analysts have issued reports on HD shares. Guggenheim upped their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. TD Cowen increased their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday. Mizuho upped their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Piper Sandler boosted their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

About Home Depot

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.