Moss Adams Wealth Advisors LLC Has $2.05 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Moss Adams Wealth Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,965 shares of the home improvement retailer’s stock after purchasing an additional 260 shares during the period. Home Depot comprises 0.3% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 29th largest holding. Moss Adams Wealth Advisors LLC’s holdings in Home Depot were worth $2,053,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Criterion Capital Advisors LLC bought a new position in Home Depot in the fourth quarter valued at approximately $330,000. Riggs Asset Managment Co. Inc. grew its position in Home Depot by 15.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 803 shares of the home improvement retailer’s stock valued at $278,000 after acquiring an additional 106 shares during the last quarter. First Command Advisory Services Inc. raised its stake in Home Depot by 7.9% during the fourth quarter. First Command Advisory Services Inc. now owns 7,701 shares of the home improvement retailer’s stock worth $2,669,000 after acquiring an additional 564 shares in the last quarter. CWM LLC lifted its holdings in shares of Home Depot by 61.4% in the fourth quarter. CWM LLC now owns 188,387 shares of the home improvement retailer’s stock worth $65,286,000 after acquiring an additional 71,665 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $260,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 1.0 %

Home Depot stock traded down $3.85 during mid-day trading on Thursday, reaching $366.61. The stock had a trading volume of 1,721,824 shares, compared to its average volume of 3,432,073. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a 50-day moving average price of $352.51 and a two-hundred day moving average price of $353.44. The company has a market capitalization of $363.54 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial dropped their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Citigroup dropped their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. Finally, Stifel Nicolaus dropped their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

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.