Cohen Investment Advisors LLC Sells 363 Shares of The Home Depot, Inc. (NYSE:HD)

Cohen Investment Advisors LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,874 shares of the home improvement retailer’s stock after selling 363 shares during the quarter. Home Depot makes up approximately 2.2% of Cohen Investment Advisors LLC’s holdings, making the stock its 12th biggest holding. Cohen Investment Advisors LLC’s holdings in Home Depot were worth $3,596,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new position in Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC bought a new position in Home Depot during the 2nd quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot during the 1st quarter worth approximately $38,000. Livelsberger Financial Advisory bought a new position in Home Depot during the 4th quarter worth approximately $39,000. Finally, Denver PWM LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus dropped their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. Finally, Truist Financial lowered their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $398.54.

Home Depot Price Performance

Shares of NYSE HD traded down $0.13 during midday trading on Monday, hitting $408.23. 3,266,940 shares of the company’s stock were exchanged, compared to its average volume of 3,391,950. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $412.97. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market cap of $404.81 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.71 and a beta of 1.00. The business’s fifty day moving average price is $373.28 and its two-hundred day moving average price is $356.04.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.65 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

About Home Depot

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.