The Home Depot, Inc. (NYSE:HD) is Greenfield Savings Bank’s 7th Largest Position

Greenfield Savings Bank increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,167 shares of the home improvement retailer’s stock after acquiring an additional 61 shares during the quarter. Home Depot makes up about 2.1% of Greenfield Savings Bank’s holdings, making the stock its 7th largest position. Greenfield Savings Bank’s holdings in Home Depot were worth $4,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in Home Depot in the second quarter worth $25,000. Kings Path Partners LLC purchased a new position in Home Depot during the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot during the first quarter valued at approximately $38,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the 4th quarter worth approximately $39,000. Finally, Denver PWM LLC purchased a new stake in Home Depot in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HD shares. Truist Financial decreased their price target 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. Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday. Loop Capital raised their target price on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. Oppenheimer boosted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $398.54.

Home Depot Trading Down 0.0 %

NYSE:HD opened at $408.23 on Tuesday. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $412.97. The company has a 50-day moving average price of $373.28 and a 200-day moving average price of $356.04. The stock has a market cap of $404.81 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates 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 for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $4.65 earnings per share. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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