Pacer Advisors Inc. Purchases 7,702 Shares of The Home Depot, Inc. (NYSE:HD)

Pacer Advisors Inc. grew its position in The Home Depot, Inc. (NYSE:HD) by 11.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 76,914 shares of the home improvement retailer’s stock after buying an additional 7,702 shares during the period. Pacer Advisors Inc.’s holdings in Home Depot were worth $26,477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Home Depot during the 2nd quarter valued at about $25,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot in the 4th quarter worth approximately $27,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter valued at $33,000. Burkett Financial Services LLC bought a new position in shares of Home Depot during the 4th quarter valued at $38,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Home Depot in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. DA Davidson increased their target price on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Truist Financial reduced their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Price Performance

NYSE:HD opened at $389.86 on Monday. The business’s 50-day moving average is $364.95 and its 200 day moving average is $354.12. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a market capitalization of $386.59 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $42.57 billion. During the same period in the prior year, the company earned $4.65 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Home Depot 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.