ROI Financial Advisors LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

ROI Financial Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,501 shares of the home improvement retailer’s stock after acquiring an additional 365 shares during the period. Home Depot comprises approximately 4.1% of ROI Financial Advisors LLC’s holdings, making the stock its 8th largest position. ROI Financial Advisors LLC’s holdings in Home Depot were worth $5,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the second quarter worth $25,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter worth $33,000. Denver PWM LLC bought a new position in Home Depot in the 2nd quarter worth $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter valued at about $47,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 1.8 %

Shares of NYSE HD opened at $410.39 on Thursday. The Home Depot, Inc. has a 1 year low of $300.14 and a 1 year high of $421.56. The firm has a 50-day simple moving average of $396.76 and a two-hundred day simple moving average of $365.25. The company has a market cap of $407.64 billion, a P/E ratio of 27.88, a PEG ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $3.81 EPS. Research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Mizuho upped their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.