The Home Depot, Inc. (NYSE:HD) is FCF Advisors LLC’s 3rd Largest Position

FCF Advisors LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,509 shares of the home improvement retailer’s stock after acquiring an additional 4,659 shares during the quarter. Home Depot makes up 2.9% of FCF Advisors LLC’s investment portfolio, making the stock its 3rd largest position. FCF Advisors LLC’s holdings in Home Depot were worth $12,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot during the 1st quarter valued at about $38,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the fourth quarter valued at about $39,000. Finally, Denver PWM LLC bought a new position in Home Depot in the second quarter worth about $40,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Wednesday, October 2nd. Melius Research began coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. 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 research note on Monday, August 5th. Piper Sandler raised their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Loop Capital upped their target price 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $398.54.

Home Depot Stock Performance

Shares of HD stock traded up $4.47 on Tuesday, reaching $412.53. The stock had a trading volume of 1,381,965 shares, compared to its average volume of 3,381,595. The stock has a market cap of $409.07 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $413.82. The company has a 50 day simple moving average of $374.21 and a 200 day simple moving average of $356.13.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the company posted $4.65 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.18%. Home Depot’s payout ratio is presently 60.36%.

Home Depot Company 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.