waypoint wealth counsel Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

waypoint wealth counsel increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,588 shares of the home improvement retailer’s stock after purchasing an additional 159 shares during the quarter. waypoint wealth counsel’s holdings in Home Depot were worth $1,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Fairway Wealth LLC purchased a new position in Home Depot in the second quarter worth $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot in the first quarter valued at about $38,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $39,000. Finally, Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter worth approximately $40,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of NYSE HD traded down $3.22 during midday trading on Friday, reaching $408.36. 3,989,606 shares of the company traded hands, compared to its average volume of 3,392,598. The stock has a 50-day moving average price of $373.28 and a 200 day moving average price of $356.23. The company has a market cap of $404.94 billion, a price-to-earnings ratio of 27.39, a PEG 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 has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a 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%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HD. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. DA Davidson lifted 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. UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada lowered their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Finally, Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.54.

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.