Financial Advisors LLC Has $1.63 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Financial Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 108.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,019 shares of the home improvement retailer's stock after purchasing an additional 2,088 shares during the period. Home Depot makes up 0.3% of Financial Advisors LLC's investment portfolio, making the stock its 22nd biggest holding. Financial Advisors LLC's holdings in Home Depot were worth $1,628,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HD. Los Angeles Capital Management LLC boosted its holdings in Home Depot by 21.2% during the first quarter. Los Angeles Capital Management LLC now owns 451,269 shares of the home improvement retailer's stock valued at $173,107,000 after acquiring an additional 78,953 shares during the period. GAMMA Investing LLC boosted its holdings in Home Depot by 12.7% during the first quarter. GAMMA Investing LLC now owns 13,258 shares of the home improvement retailer's stock valued at $5,086,000 after acquiring an additional 1,490 shares during the period. Chickasaw Capital Management LLC boosted its holdings in Home Depot by 14.7% during the first quarter. Chickasaw Capital Management LLC now owns 883 shares of the home improvement retailer's stock valued at $339,000 after acquiring an additional 113 shares during the period. First Hawaiian Bank raised its position in shares of Home Depot by 8.3% during the first quarter. First Hawaiian Bank now owns 17,746 shares of the home improvement retailer's stock valued at $6,807,000 after buying an additional 1,355 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. raised its position in shares of Home Depot by 1.8% during the first quarter. Beese Fulmer Investment Management Inc. now owns 32,480 shares of the home improvement retailer's stock valued at $12,459,000 after buying an additional 566 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HD shares. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a "buy" rating and a $426.00 price objective for the company. Piper Sandler upped their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. Royal Bank of Canada cut their price objective on shares of Home Depot from $377.00 to $363.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a "hold" rating in a research report on Thursday, August 15th. Finally, Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $404.69.

Home Depot Stock Down 0.7 %

NYSE:HD traded down $2.86 on Thursday, hitting $415.75. 2,013,360 shares of the company's stock were exchanged, compared to its average volume of 3,372,891. The firm has a 50-day moving average price of $383.77 and a 200-day moving average price of $358.20. 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 52 week low of $274.26 and a 52 week high of $421.56. The company has a market cap of $412.26 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00.

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 for the quarter, topping the consensus estimate of $4.59 by $0.08. The company 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 681.27%. Home Depot's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. Home Depot's dividend payout ratio (DPR) is currently 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.