Riverview Capital Advisers LLC Buys 35 Shares of The Home Depot, Inc. (NYSE:HD)

Riverview Capital Advisers LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,162 shares of the home improvement retailer’s stock after buying an additional 35 shares during the period. Riverview Capital Advisers LLC’s holdings in Home Depot were worth $1,088,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Concorde Asset Management LLC increased its stake in Home Depot by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 1,348 shares of the home improvement retailer’s stock valued at $464,000 after purchasing an additional 37 shares in the last quarter. WCG Wealth Advisors LLC acquired a new position in shares of Home Depot during the second quarter valued at about $3,858,000. AllGen Financial Advisors Inc. increased its holdings in Home Depot by 64.2% during the 2nd quarter. AllGen Financial Advisors Inc. now owns 2,301 shares of the home improvement retailer’s stock worth $792,000 after purchasing an additional 900 shares in the last quarter. Miramar Capital LLC grew its holdings in Home Depot by 0.4% during the second quarter. Miramar Capital LLC now owns 42,137 shares of the home improvement retailer’s stock worth $14,505,000 after buying an additional 152 shares in the last quarter. Finally, Sienna Gestion lifted its stake in Home Depot by 0.5% during the 2nd quarter. Sienna Gestion now owns 55,761 shares of the home improvement retailer’s stock valued at $19,186,000 after acquiring an additional 255 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of Home Depot stock opened at $384.13 on Thursday. The stock has a market capitalization of $380.91 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. 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 business’s 50 day simple moving average is $363.62 and its two-hundred day simple moving average is $354.13.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial cut their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. DA Davidson lifted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $389.04.

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.