Affinity Capital Advisors LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 48.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,758 shares of the home improvement retailer’s stock after purchasing an additional 901 shares during the period. Affinity Capital Advisors LLC’s holdings in Home Depot were worth $1,118,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the 2nd quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot in the 1st quarter valued at approximately $38,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the 4th quarter valued at approximately $39,000. Finally, Denver PWM LLC acquired a new stake in Home Depot in the 2nd quarter valued at approximately $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.
Home Depot Trading Down 0.0 %
HD stock opened at $408.23 on Tuesday. The company has a market cap of $404.81 billion, a P/E ratio of 27.38, a PEG ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $412.97. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The business has a fifty day moving average of $373.28 and a 200-day moving average of $356.04.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on HD. Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Evercore ISI lowered their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $398.54.
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.
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