Drucker Wealth 3.0 LLC Acquires Shares of 654 The Home Depot, Inc. (NYSE:HD)

Drucker Wealth 3.0 LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 654 shares of the home improvement retailer’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the 4th quarter worth approximately $27,000. Kings Path Partners LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $33,000. Burkett Financial Services LLC acquired a new stake in shares of Home Depot in the 4th quarter worth approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot in the 1st quarter worth approximately $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.0 %

Shares of Home Depot stock opened at $396.74 on Friday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $401.11. The firm has a market cap of $393.41 billion, a PE ratio of 26.61, a P/E/G ratio of 2.71 and a beta of 1.00. The business’s fifty day moving average is $366.76 and its two-hundred day moving average is $354.72. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for 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 business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $4.65 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Truist Financial lowered their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus lowered their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Oppenheimer upped 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. DA Davidson upped their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. upped their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $391.88.

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.