Bensler LLC Cuts Holdings in The Home Depot, Inc. (NYSE:HD)

Bensler LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 95.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599 shares of the home improvement retailer’s stock after selling 11,899 shares during the period. Bensler LLC’s holdings in Home Depot were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. First National Bank & Trust Co. of Newtown lifted its position in shares of Home Depot by 1.4% during the 3rd quarter. First National Bank & Trust Co. of Newtown now owns 28,037 shares of the home improvement retailer’s stock worth $11,361,000 after purchasing an additional 396 shares during the last quarter. Lewis Asset Management LLC raised its stake in Home Depot by 23.1% in the third quarter. Lewis Asset Management LLC now owns 1,129 shares of the home improvement retailer’s stock valued at $457,000 after buying an additional 212 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in Home Depot by 3.3% during the 3rd quarter. Hudson Value Partners LLC now owns 9,637 shares of the home improvement retailer’s stock worth $3,905,000 after buying an additional 312 shares during the last quarter. TFB Advisors LLC boosted its position in shares of Home Depot by 4.0% during the 3rd quarter. TFB Advisors LLC now owns 1,445 shares of the home improvement retailer’s stock worth $586,000 after acquiring an additional 56 shares in the last quarter. Finally, Trinity Legacy Partners LLC increased its holdings in shares of Home Depot by 7.3% in the 3rd quarter. Trinity Legacy Partners LLC now owns 15,052 shares of the home improvement retailer’s stock valued at $6,253,000 after acquiring an additional 1,024 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Truist Financial increased their target price on shares of Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus decreased their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $420.04.

Home Depot Price Performance

HD stock opened at $399.41 on Friday. The firm has a 50 day moving average of $393.80 and a 200-day moving average of $363.10. The company has a market cap of $396.73 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.74 and a beta of 1.01. 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 Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56.

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

Home Depot Dividend Announcement

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

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.