Financial Synergies Wealth Advisors Inc. Invests $238,000 in The Home Depot, Inc. (NYSE:HD)

Financial Synergies Wealth Advisors Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 587 shares of the home improvement retailer’s stock, valued at approximately $238,000.

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

Home Depot Trading Down 0.0 %

HD opened at $408.23 on Tuesday. The stock has a market cap of $404.81 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. 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 Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $412.97. The company has a fifty day moving average of $373.28 and a 200-day moving average of $356.04.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $42.57 billion. During the same quarter last year, the firm posted $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada decreased their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Oppenheimer lifted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $398.54.

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.