Jackson Square Capital LLC Sells 69 Shares of The Home Depot, Inc. (NYSE:HD)

Jackson Square Capital LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 2.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,441 shares of the home improvement retailer’s stock after selling 69 shares during the period. Jackson Square Capital LLC’s holdings in Home Depot were worth $989,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. GGM Financials LLC acquired a new stake in Home Depot in the 3rd quarter worth approximately $300,000. Walkner Condon Financial Advisors LLC lifted its stake in Home Depot by 17.8% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,597 shares of the home improvement retailer’s stock valued at $647,000 after acquiring an additional 241 shares during the period. Baugh & Associates LLC lifted its stake in Home Depot by 1.9% during the 3rd quarter. Baugh & Associates LLC now owns 25,053 shares of the home improvement retailer’s stock valued at $9,849,000 after acquiring an additional 459 shares during the period. Graypoint LLC lifted its stake in Home Depot by 6.7% during the 3rd quarter. Graypoint LLC now owns 12,488 shares of the home improvement retailer’s stock valued at $5,060,000 after acquiring an additional 787 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Home Depot during the 3rd quarter valued at approximately $1,182,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 3.0 %

NYSE HD opened at $388.19 on Thursday. The firm’s 50-day moving average is $393.80 and its two-hundred day moving average is $363.10. The Home Depot, Inc. has a 12 month low of $286.79 and a 12 month high of $421.56. 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 stock has a market capitalization of $385.59 billion, a P/E ratio of 26.12, a PEG ratio of 2.74 and a beta of 1.01.

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

Home Depot Announces Dividend

The firm also recently declared 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 of this dividend 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 presently 60.57%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Guggenheim lifted their price objective 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. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Truist Financial lifted their target price on shares of Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.37.

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.