Graypoint LLC Has $5.06 Million Stake in The Home Depot, Inc. (NYSE:HD)

Graypoint LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,488 shares of the home improvement retailer’s stock after buying an additional 787 shares during the period. Graypoint LLC’s holdings in Home Depot were worth $5,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its stake in shares of Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after purchasing an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares in the last quarter. Avidian Wealth Solutions LLC lifted its position in shares of Home Depot by 3.1% in the first quarter. Avidian Wealth Solutions LLC now owns 14,261 shares of the home improvement retailer’s stock worth $5,471,000 after buying an additional 432 shares during the last quarter. Catalina Capital Group LLC boosted its stake in shares of Home Depot by 61.2% during the 1st quarter. Catalina Capital Group LLC now owns 5,618 shares of the home improvement retailer’s stock worth $2,155,000 after acquiring an additional 2,133 shares in the last quarter. Finally, Carson Advisory Inc. increased its holdings in shares of Home Depot by 0.5% during the 1st quarter. Carson Advisory Inc. now owns 6,618 shares of the home improvement retailer’s stock valued at $2,539,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 3.0 %

Shares of HD opened at $388.19 on Thursday. The stock has a 50 day simple moving average of $393.80 and a 200-day simple moving average of $363.10. The company has a current ratio of 1.15, a quick ratio of 0.33 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 PEG ratio of 2.74 and a beta of 1.01. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the company posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.32%. Home Depot’s dividend payout ratio is 60.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Guggenheim raised their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $416.37.

About Home Depot

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.