The Home Depot, Inc. (NYSE:HD) Position Boosted by Nikulski Financial Inc.

Nikulski Financial Inc. increased its position in The Home Depot, Inc. (NYSE:HD) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 7,961 shares of the home improvement retailer’s stock after purchasing an additional 144 shares during the quarter. Nikulski Financial Inc.’s holdings in Home Depot were worth $3,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Fairway Wealth LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter worth $33,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter worth $40,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the third quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the second quarter worth $47,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Guggenheim upped their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Evercore ISI dropped their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Truist Financial increased their target price on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Stock Up 0.3 %

HD opened at $393.80 on Friday. The stock’s fifty day moving average is $392.17 and its 200-day moving average is $361.25. The Home Depot, Inc. has a one year low of $281.61 and a one year high of $421.56. The company has a market capitalization of $391.16 billion, a PE ratio of 26.50, a P/E/G ratio of 2.72 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate 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 was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $4.65 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is 60.57%.

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.