The Home Depot, Inc. (NYSE:HD) Shares Bought by Avalon Global Asset Management LLC

Avalon Global Asset Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 44.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,600 shares of the home improvement retailer’s stock after buying an additional 10,100 shares during the period. Home Depot accounts for about 2.6% of Avalon Global Asset Management LLC’s holdings, making the stock its 11th biggest holding. Avalon Global Asset Management LLC’s holdings in Home Depot were worth $11,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ruedi Wealth Management Inc. raised its stake in shares of 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 buying an additional 27 shares during the last quarter. Cape Investment Advisory Inc. raised its position in Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after acquiring an additional 28 shares during the last quarter. Acorn Creek Capital LLC lifted its holdings 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 valued at $291,000 after purchasing an additional 28 shares in the last quarter. STAR Financial Bank grew its position in shares of Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after purchasing an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC increased its stake in shares of Home Depot by 1.2% during the 1st 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 in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. UBS Group increased their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Truist Financial lowered their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $389.04.

Home Depot Stock Down 0.1 %

Shares of NYSE:HD opened at $389.97 on Friday. The stock has a 50-day simple moving average of $364.95 and a 200-day simple moving average of $354.45. The stock has a market capitalization of $386.70 billion, a P/E ratio of 26.15, a PEG ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the firm earned $4.65 earnings per share. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.31%. Home Depot’s dividend payout ratio is currently 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.