The Home Depot, Inc. (NYSE:HD) Shares Bought by True North Advisors LLC

True North Advisors LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,181 shares of the home improvement retailer’s stock after buying an additional 89 shares during the period. True North Advisors LLC’s holdings in Home Depot were worth $884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Home Depot during the first quarter worth approximately $38,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 4th quarter valued at $39,000. Finally, Denver PWM LLC acquired a new stake in Home Depot during the 2nd quarter worth $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 1.2 %

Shares of HD opened at $419.10 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $419.10. The stock has a fifty day moving average of $375.22 and a two-hundred day moving average of $356.30. 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 company has a market capitalization of $415.59 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. 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 2.15%. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HD. Truist Financial dropped their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Melius Research began coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $402.38.

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.