HHM Wealth Advisors LLC cut its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,138 shares of the home improvement retailer’s stock after selling 163 shares during the period. Home Depot accounts for approximately 0.4% of HHM Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. HHM Wealth Advisors LLC’s holdings in Home Depot were worth $1,418,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Empirical Finance LLC lifted its holdings in shares of Home Depot by 18.8% during the third quarter. Empirical Finance LLC now owns 26,013 shares of the home improvement retailer’s stock worth $7,178,000 after buying an additional 4,109 shares in the last quarter. Glenview Trust Co increased its position in Home Depot by 0.9% during the third quarter. Glenview Trust Co now owns 35,771 shares of the home improvement retailer’s stock worth $9,871,000 after acquiring an additional 303 shares during the period. Retirement Systems of Alabama raised its stake in Home Depot by 61.0% in the 3rd quarter. Retirement Systems of Alabama now owns 551,668 shares of the home improvement retailer’s stock worth $152,227,000 after purchasing an additional 209,095 shares in the last quarter. Empowered Funds LLC boosted its holdings in Home Depot by 49.4% in the 3rd quarter. Empowered Funds LLC now owns 5,180 shares of the home improvement retailer’s stock valued at $1,430,000 after purchasing an additional 1,713 shares during the period. Finally, PYA Waltman Capital LLC grew its position in shares of Home Depot by 174.9% during the 3rd quarter. PYA Waltman Capital LLC now owns 2,246 shares of the home improvement retailer’s stock worth $620,000 after purchasing an additional 1,429 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on HD. Raymond James cut Home Depot from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 16th. Credit Suisse Group assumed coverage on Home Depot in a report on Tuesday, December 20th. They set a “neutral” rating and a $335.00 target price on the stock. Piper Sandler decreased their price target on Home Depot from $327.00 to $323.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 16th. Jefferies Financial Group upped their price objective on shares of Home Depot from $392.00 to $394.00 and gave the stock a “buy” rating in a research report on Monday, October 3rd. Finally, Cowen raised their target price on shares of Home Depot from $350.00 to $379.00 and gave the company an “outperform” rating in a report on Tuesday, December 13th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $341.24.
Insider Transactions at Home Depot
Home Depot Stock Performance
NYSE HD opened at $317.69 on Wednesday. The company has a market capitalization of $325.23 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.69 and a beta of 0.95. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $374.67. The stock has a fifty day simple moving average of $320.86 and a 200 day simple moving average of $302.94.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.13. The company had revenue of $38.87 billion during the quarter, compared to analysts’ expectations of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.92 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 16.64 EPS for the current year.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a dividend of $1.90 per share. The ex-dividend date was Wednesday, November 30th. This represents a $7.60 annualized dividend and a yield of 2.39%. Home Depot’s payout ratio is 45.81%.
Home Depot Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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