Blue Trust Inc. Sells 2,266 Shares of The Home Depot, Inc. (NYSE:HD)

Blue Trust Inc. trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,263 shares of the home improvement retailer's stock after selling 2,266 shares during the quarter. Blue Trust Inc.'s holdings in Home Depot were worth $12,263,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HD. IFG Advisors LLC lifted its stake in shares of Home Depot by 4.8% in the third quarter. IFG Advisors LLC now owns 2,456 shares of the home improvement retailer's stock worth $995,000 after buying an additional 113 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its position in Home Depot by 15.6% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 6,897 shares of the home improvement retailer's stock valued at $2,795,000 after acquiring an additional 932 shares in the last quarter. Generate Investment Management Ltd lifted its position in Home Depot by 119.4% in the 3rd quarter. Generate Investment Management Ltd now owns 55,438 shares of the home improvement retailer's stock valued at $22,463,000 after acquiring an additional 30,175 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in Home Depot by 2.8% during the 3rd quarter. Accurate Wealth Management LLC now owns 8,688 shares of the home improvement retailer's stock valued at $3,610,000 after purchasing an additional 235 shares during the last quarter. Finally, Net Worth Advisory Group bought a new stake in shares of Home Depot in the 3rd quarter worth $647,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. Truist Financial upped their target price on shares of Home Depot from $395.00 to $455.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and lifted their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a "hold" rating on the stock in a research report on Wednesday, August 14th. Finally, Evercore ISI cut their target price on shares of 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $404.69.

Home Depot Price Performance

Shares of Home Depot stock traded down $0.60 on Friday, hitting $415.00. 2,436,725 shares of the company traded hands, compared to its average volume of 3,368,257. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The business has a 50-day simple moving average of $385.10 and a 200 day simple moving average of $358.53. 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 stock has a market capitalization of $411.52 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the firm posted $4.65 EPS. Home Depot's revenue for the quarter was up .6% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

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.