Sierra Summit Advisors LLC Has $1.18 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Sierra Summit Advisors LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 52.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,414 shares of the home improvement retailer’s stock after purchasing an additional 1,177 shares during the period. Sierra Summit Advisors LLC’s holdings in Home Depot were worth $1,175,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Home Depot by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after acquiring an additional 2,209 shares during the last quarter. Empirical Finance LLC grew its holdings in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after purchasing an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC raised its position in shares of Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after purchasing an additional 965 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Home Depot by 34.8% in the first quarter. V Square Quantitative Management LLC now owns 15,913 shares of the home improvement retailer’s stock worth $6,104,000 after buying an additional 4,111 shares during the last quarter. Finally, Leeward Financial Partners LLC boosted its holdings in shares of Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after buying an additional 711 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on HD. Truist Financial dropped their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Stifel Nicolaus decreased their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Evercore ISI dropped their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $387.79.

Home Depot Stock Performance

Home Depot stock opened at $379.99 on Monday. The firm has a market capitalization of $377.44 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.57 and a beta of 1.00. The stock has a fifty day moving average price of $361.04 and a two-hundred day moving average price of $353.92. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.