The Home Depot, Inc. (NYSE:HD) Holdings Lifted by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,597 shares of the home improvement retailer’s stock after acquiring an additional 241 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Home Depot were worth $647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Baugh & Associates LLC lifted its position in shares of 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 last quarter. Graypoint LLC raised its position in shares of Home Depot by 6.7% during the third quarter. Graypoint LLC now owns 12,488 shares of the home improvement retailer’s stock worth $5,060,000 after purchasing an additional 787 shares during the period. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of Home Depot during the third quarter valued at $1,182,000. M&G PLC lifted its holdings in shares of Home Depot by 4.3% during the third quarter. M&G PLC now owns 255,434 shares of the home improvement retailer’s stock valued at $103,451,000 after purchasing an additional 10,456 shares during the last quarter. Finally, American Capital Advisory LLC boosted its position in shares of Home Depot by 78.4% in the 3rd quarter. American Capital Advisory LLC now owns 182 shares of the home improvement retailer’s stock valued at $74,000 after purchasing an additional 80 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 3.0 %

Shares of Home Depot stock opened at $388.19 on Thursday. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The stock has a 50 day moving average price of $393.80 and a two-hundred day moving average price of $363.10. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $4.65 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. 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 research report on Wednesday, October 2nd. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Finally, Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.