Lindbrook Capital LLC Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Lindbrook Capital LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,734 shares of the home improvement retailer’s stock after purchasing an additional 172 shares during the quarter. Lindbrook Capital LLC’s holdings in Home Depot were worth $4,349,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Klingman & Associates LLC increased its position in shares of Home Depot by 38.8% in the 3rd quarter. Klingman & Associates LLC now owns 8,252 shares of the home improvement retailer’s stock valued at $3,344,000 after acquiring an additional 2,308 shares during the period. Wealth Quarterback LLC increased its holdings in shares of Home Depot by 3.4% in the third quarter. Wealth Quarterback LLC now owns 2,959 shares of the home improvement retailer’s stock valued at $1,199,000 after purchasing an additional 96 shares during the period. Assetmark Inc. raised its stake in shares of Home Depot by 12.4% in the third quarter. Assetmark Inc. now owns 37,351 shares of the home improvement retailer’s stock worth $15,135,000 after purchasing an additional 4,114 shares during the last quarter. United Bank raised its stake in shares of Home Depot by 4.2% in the third quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock worth $1,806,000 after purchasing an additional 181 shares during the last quarter. Finally, Windward Capital Management Co. CA boosted its position in Home Depot by 5.4% in the third quarter. Windward Capital Management Co. CA now owns 14,433 shares of the home improvement retailer’s stock valued at $5,849,000 after buying an additional 737 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of NYSE:HD opened at $405.90 on Friday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The firm has a market capitalization of $403.18 billion, a PE ratio of 27.31, a P/E/G ratio of 2.69 and a beta of 1.01. The business’s 50 day moving average price is $395.19 and its 200-day moving average price is $363.84.

Home Depot (NYSE:HD) last announced its earnings results 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. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.65 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed 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 2.22%. Home Depot’s payout ratio is 60.57%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $455.00 in a research report on Friday. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. DA Davidson upped their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Truist Financial upped their target price on Home Depot from $455.00 to $459.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $420.04.

Home Depot Company 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.