The Home Depot, Inc. (NYSE:HD) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 20.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,763 shares of the home improvement retailer’s stock after purchasing an additional 37,784 shares during the period. Home Depot comprises 0.7% of Teachers Retirement System of The State of Kentucky’s holdings, making the stock its 13th biggest holding. Teachers Retirement System of The State of Kentucky’s holdings in Home Depot were worth $77,716,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HD. Founders Financial Alliance LLC increased its position in shares of Home Depot by 1.9% in the second quarter. Founders Financial Alliance LLC now owns 5,238 shares of the home improvement retailer’s stock worth $1,803,000 after acquiring an additional 98 shares in the last quarter. Ariadne Wealth Management LP purchased a new position in shares of Home Depot in the second quarter worth approximately $1,142,000. Somnio Financial Group LLC purchased a new position in shares of Home Depot in the second quarter worth approximately $252,000. Aldebaran Financial Inc. increased its position in shares of Home Depot by 3.9% in the second quarter. Aldebaran Financial Inc. now owns 2,124 shares of the home improvement retailer’s stock worth $731,000 after acquiring an additional 79 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new position in shares of Home Depot in the second quarter worth approximately $1,157,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HD. Melius Research began coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. DA Davidson boosted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. 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 research report on Wednesday, August 14th. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $394.08.

Home Depot Stock Up 1.4 %

HD opened at $405.02 on Tuesday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $405.31. The business has a 50 day moving average of $368.93 and a 200-day moving average of $355.11. The stock has a market capitalization of $401.62 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted 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. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders 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 2.22%. Home Depot’s dividend payout ratio (DPR) 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.