Doliver Advisors LP Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Doliver Advisors LP lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,180 shares of the home improvement retailer’s stock after purchasing an additional 33 shares during the period. Doliver Advisors LP’s holdings in Home Depot were worth $1,694,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mattson Financial Services LLC bought a new stake in Home Depot in the second quarter worth about $1,382,000. Ashburton Jersey Ltd purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $8,450,000. Anchor Investment Management LLC raised its holdings in shares of Home Depot by 1.1% in the 2nd quarter. Anchor Investment Management LLC now owns 19,965 shares of the home improvement retailer’s stock worth $6,873,000 after purchasing an additional 223 shares during the period. Verity & Verity LLC increased its position in Home Depot by 1.5% in the second quarter. Verity & Verity LLC now owns 17,476 shares of the home improvement retailer’s stock worth $6,016,000 after buying an additional 251 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Home Depot by 43.8% in the second quarter. Newbridge Financial Services Group Inc. now owns 6,215 shares of the home improvement retailer’s stock valued at $2,139,000 after buying an additional 1,892 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Evercore ISI decreased their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Royal Bank of Canada lowered their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Truist Financial reduced their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company 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 twenty-one have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.23.

Home Depot Trading Up 0.5 %

Shares of HD stock opened at $411.19 on Thursday. The business has a 50-day moving average of $371.14 and a 200 day moving average of $355.75. 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 1-year low of $274.26 and a 1-year high of $411.46. The stock has a market capitalization of $407.74 billion, a PE ratio of 27.58, a P/E/G ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 analyst estimates of $42.57 billion. During the same quarter in the prior year, the firm posted $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s 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.