Ridgewood Investments LLC Sells 30 Shares of The Home Depot, Inc. (NYSE:HD)

Ridgewood Investments LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,908 shares of the home improvement retailer’s stock after selling 30 shares during the period. Ridgewood Investments LLC’s holdings in Home Depot were worth $1,178,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot during the first quarter worth approximately $38,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the fourth quarter valued at approximately $39,000. Finally, Denver PWM LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock traded down $3.22 on Friday, hitting $408.36. The stock had a trading volume of 3,989,606 shares, compared to its average volume of 3,392,598. The stock has a market cap of $404.94 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $412.97. The business’s 50 day moving average is $373.28 and its two-hundred day moving average is $356.40.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the company posted $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. DA Davidson lifted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Piper Sandler increased their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Stifel Nicolaus decreased their price objective on Home Depot from $380.00 to $375.00 and set a “hold” 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 twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.54.

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.