The Home Depot, Inc. (NYSE:HD) Stake Increased by KWB Wealth

KWB Wealth raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,084 shares of the home improvement retailer’s stock after acquiring an additional 53 shares during the quarter. KWB Wealth’s holdings in Home Depot were worth $844,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Abacus Wealth Partners LLC increased its position in shares of Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after acquiring an additional 25 shares in the last quarter. Ruedi Wealth Management Inc. increased its holdings in Home Depot by 1.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after purchasing an additional 27 shares in the last quarter. Acorn Creek Capital LLC raised its stake in shares of Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after purchasing an additional 28 shares during the last quarter. Talisman Wealth Advisors LLC raised its stake in shares of Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after purchasing an additional 29 shares during the last quarter. Finally, LMG Wealth Partners LLC lifted its holdings in shares of Home Depot by 1.7% in the second quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. DA Davidson upped 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. Oppenheimer lifted their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $398.54.

Home Depot Stock Performance

HD traded down $0.25 during midday trading on Monday, hitting $408.11. 1,903,345 shares of the company traded hands, compared to its average volume of 3,384,886. The company’s 50-day moving average is $373.28 and its 200 day moving average is $356.04. 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 capitalization of $404.69 billion, a PE ratio of 27.34, 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.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. Home Depot’s dividend payout ratio (DPR) 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.