SOA Wealth Advisors LLC. Has $1.32 Million Position in The Home Depot, Inc. (NYSE:HD)

SOA Wealth Advisors LLC. lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,392 shares of the home improvement retailer’s stock after selling 66 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Home Depot were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Synergy Asset Management LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $26,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot during the 3rd quarter valued at approximately $41,000. Sugar Maple Asset Management LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $41,000. Finley Financial LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $59,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in Home Depot during the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HD. KGI Securities upgraded Home Depot to a “strong-buy” rating in a report on Monday. Wells Fargo & Company increased their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Truist Financial cut their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Robert W. Baird cut their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Trading Up 1.3 %

Shares of Home Depot stock opened at $386.82 on Thursday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a market cap of $384.25 billion, a PE ratio of 26.28, a P/E/G ratio of 4.03 and a beta of 1.05. The stock has a fifty day moving average price of $400.81 and a 200-day moving average price of $399.62. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the firm posted $2.82 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.38%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is 61.66%.

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.