Catalyst Capital Advisors LLC Has $1.13 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Catalyst Capital Advisors LLC decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 54.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,799 shares of the home improvement retailer's stock after selling 3,309 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Home Depot were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

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

Home Depot Stock Down 2.9 %

Shares of NYSE:HD traded down $11.72 during mid-day trading on Wednesday, hitting $388.37. 7,035,844 shares of the company traded hands, compared to its average volume of 3,364,879. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56. The firm's 50 day simple moving average is $393.49 and its 200 day simple moving average is $362.92. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The firm has a market cap of $385.77 billion, a P/E ratio of 25.92, a PEG ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued 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 dividend yield of 2.32%. Home Depot's dividend payout ratio is 60.57%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Telsey Advisory Group reiterated a "market perform" rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Piper Sandler lifted their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Stifel Nicolaus reduced their price objective on shares of Home Depot from $380.00 to $375.00 and set a "hold" rating for the company in a report on Wednesday, August 14th. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a "buy" rating and a $426.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday. One research 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $416.37.

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.