Maia Wealth LLC Purchases New Stake in The Home Depot, Inc. (NYSE:HD)

Maia Wealth LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,988 shares of the home improvement retailer's stock, valued at approximately $1,210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. International Assets Investment Management LLC lifted its holdings in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after buying an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. increased its stake in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in shares of Home Depot during the first quarter worth about $513,016,000. Price T Rowe Associates Inc. MD lifted its position in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock worth $2,853,143,000 after acquiring an additional 971,833 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Home Depot during the first quarter worth $301,364,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Melius Research started coverage on Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price objective for the company. Evercore ISI decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, August 14th. Truist Financial raised their price objective on Home Depot from $455.00 to $459.00 and gave the company a "buy" rating in a research note on Thursday. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus dropped their price target on Home Depot from $380.00 to $375.00 and set a "hold" rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $416.52.

Home Depot Stock Performance

NYSE HD traded up $10.04 on Thursday, hitting $398.41. The stock had a trading volume of 1,961,312 shares, compared to its average volume of 3,358,147. The company's 50-day moving average is $393.80 and its two-hundred day moving average is $363.10. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The stock has a market cap of $395.74 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 2.74 and a beta of 1.01. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.26%. Home Depot's dividend payout ratio is currently 60.57%.

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.