Regency Capital Management Inc. DE Has $1.39 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Regency Capital Management Inc. DE lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 46.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,048 shares of the home improvement retailer’s stock after purchasing an additional 1,285 shares during the quarter. Home Depot accounts for 0.9% of Regency Capital Management Inc. DE’s holdings, making the stock its 28th biggest holding. Regency Capital Management Inc. DE’s holdings in Home Depot were worth $1,393,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HD. Ruedi Wealth Management Inc. raised its position in shares of Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 27 shares in the last quarter. Acorn Creek Capital LLC raised its position in Home Depot by 3.4% during 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 lifted its stake in Home Depot by 0.7% during the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the last quarter. Talisman Wealth Advisors LLC boosted its holdings in shares of Home Depot by 1.2% in the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares in the last quarter. Finally, LMG Wealth Partners LLC increased its stake in shares of Home Depot by 1.7% in the 2nd quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock valued at $588,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.4 %

HD opened at $405.02 on Tuesday. The company has a market cap of $401.62 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company has a fifty day moving average price of $368.93 and a two-hundred day moving average price of $355.11. 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 1-year low of $274.26 and a 1-year high of $405.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business earned $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HD. Oppenheimer raised their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Truist Financial reduced their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Loop Capital upped their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. raised their target price 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. Finally, UBS Group boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $394.08.

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.