The Home Depot, Inc. (NYSE:HD) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,390 shares of the home improvement retailer’s stock after acquiring an additional 557 shares during the period. Atomi Financial Group Inc.’s holdings in Home Depot were worth $2,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Traveka Wealth LLC increased its position in shares of Home Depot by 5.4% during the third quarter. Traveka Wealth LLC now owns 1,465 shares of the home improvement retailer’s stock worth $594,000 after acquiring an additional 75 shares during the period. Lbmc Investment Advisors LLC grew its stake in Home Depot by 2.9% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 7,648 shares of the home improvement retailer’s stock worth $3,099,000 after purchasing an additional 218 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in Home Depot by 2.2% during the 3rd quarter. Insight Wealth Strategies LLC now owns 11,594 shares of the home improvement retailer’s stock worth $4,698,000 after purchasing an additional 247 shares during the period. Legacy Private Trust Co. increased its holdings in Home Depot by 0.5% during the 3rd quarter. Legacy Private Trust Co. now owns 6,902 shares of the home improvement retailer’s stock worth $2,797,000 after purchasing an additional 36 shares during the period. Finally, Marion Wealth Management raised its position in Home Depot by 3.7% in the 3rd quarter. Marion Wealth Management now owns 6,437 shares of the home improvement retailer’s stock valued at $2,608,000 after purchasing an additional 230 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock traded up $4.07 during mid-day trading on Tuesday, hitting $412.13. The stock had a trading volume of 1,324,519 shares, compared to its average volume of 3,380,996. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $413.82. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company’s 50-day simple moving average is $374.21 and its 200-day simple moving average is $356.13. The firm has a market cap of $408.67 billion, a PE ratio of 27.58, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on HD. 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 note on Tuesday, September 17th. Oppenheimer increased 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. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Piper Sandler increased their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, UBS Group raised their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $398.54.

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.