The Home Depot, Inc. (NYSE:HD) Shares Bought by Mirador Capital Partners LP

Mirador Capital Partners LP grew its holdings in The Home Depot, Inc. (NYSE:HD) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,163 shares of the home improvement retailer’s stock after purchasing an additional 51 shares during the period. Mirador Capital Partners LP’s holdings in Home Depot were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of HD. Wulff Hansen & CO. raised its holdings in shares of Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Home Depot during the first quarter worth about $513,016,000. Price T Rowe Associates Inc. MD lifted its position in shares of Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Swedbank AB purchased a new position in shares of Home Depot in the first quarter valued at approximately $301,364,000. Finally, Jennison Associates LLC increased its stake in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after buying an additional 569,690 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.8 %

Shares of Home Depot stock opened at $408.36 on Friday. 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 firm 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 Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $412.97. The company’s 50-day simple moving average is $373.28 and its 200-day simple moving average is $356.23.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping 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 business 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 business posted $4.65 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Loop Capital lifted their price target on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Truist Financial dropped their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday. Finally, DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.