Consilium Wealth Advisory LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 3.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,802 shares of the home improvement retailer’s stock after buying an additional 106 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Home Depot were worth $1,135,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of HD. Texas Capital Bank Wealth Management Services Inc raised its position in shares of Home Depot by 27.6% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after acquiring an additional 5,879 shares in the last quarter. Empirical Finance LLC lifted its position 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 buying an additional 1,195 shares during the period. Pegasus Asset Management Inc. boosted its holdings in shares of Home Depot by 1.8% during the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after buying an additional 86 shares in the last quarter. Commonwealth Retirement Investments LLC grew its position in shares of Home Depot by 5.5% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after buying an additional 965 shares during the period. Finally, Swedbank AB increased its stake in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares in the last quarter. 70.86% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $416.37.
Home Depot Stock Performance
NYSE:HD opened at $388.19 on Thursday. The firm’s fifty day simple moving average is $393.80 and its 200-day simple moving average is $363.10. 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 stock has a market cap of $385.59 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56.
Home Depot (NYSE:HD – Get Free Report) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. Home Depot’s dividend payout ratio (DPR) is 60.57%.
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.
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