FCF Advisors LLC Has $12.36 Million Holdings in The Home Depot, Inc. (NYSE:HD)

FCF Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 18.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,509 shares of the home improvement retailer's stock after acquiring an additional 4,659 shares during the quarter. Home Depot accounts for about 2.9% of FCF Advisors LLC's investment portfolio, making the stock its 3rd biggest position. FCF Advisors LLC's holdings in Home Depot were worth $12,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot during the 1st quarter worth approximately $38,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the 4th quarter valued at $39,000. Finally, Denver PWM LLC bought a new position in Home Depot in the 2nd quarter valued at $40,000. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Telsey Advisory Group restated a "market perform" rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a "hold" rating for the company in a research report on Wednesday, August 14th. UBS Group upped their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Truist Financial decreased their price target on shares of Home Depot from $396.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada reduced their price objective on Home Depot from $377.00 to $363.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $398.54.

Home Depot Stock Up 1.5 %

Shares of Home Depot stock traded up $6.17 on Tuesday, hitting $414.23. The company had a trading volume of 3,690,848 shares, compared to its average volume of 3,393,063. The stock has a 50-day moving average of $374.21 and a 200-day moving average of $356.13. 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 twelve month low of $274.26 and a twelve month high of $415.29. The firm has a market capitalization of $410.76 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts' consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business earned $4.65 EPS. The company's revenue for the quarter was up .6% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Thursday, August 29th. Home Depot's dividend payout ratio is presently 60.36%.

Home Depot 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.