Thrivent Financial for Lutherans Lowers Position in The Home Depot, Inc. (NYSE:HD)

Thrivent Financial for Lutherans lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 621,365 shares of the home improvement retailer’s stock after selling 16,750 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Home Depot worth $213,899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gilbert & Cook Inc. increased its position in shares of Home Depot by 3.9% during the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after purchasing an additional 158 shares during the last quarter. Aveo Capital Partners LLC increased its position in shares of Home Depot by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after purchasing an additional 122 shares during the last quarter. 9258 Wealth Management LLC increased its position in shares of Home Depot by 4.2% during the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock valued at $4,811,000 after purchasing an additional 557 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of Home Depot by 161.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after purchasing an additional 3,923 shares during the last quarter. Finally, TrinityPoint Wealth LLC increased its position in shares of Home Depot by 4.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 9,840 shares of the home improvement retailer’s stock valued at $3,410,000 after purchasing an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

HD stock opened at $389.97 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The business has a fifty day moving average price of $364.95 and a 200-day moving average price of $354.45. 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 stock has a market capitalization of $386.70 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the business earned $4.65 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HD shares. JPMorgan Chase & Co. raised their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Truist Financial reduced their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Finally, UBS Group raised their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average 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.