Jacobson & Schmitt Advisors LLC Makes New $206,000 Investment in The Home Depot, Inc. (NYSE:HD)

Jacobson & Schmitt Advisors LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, HoldingsChannel.com reports. The fund bought 509 shares of the home improvement retailer’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Home Depot in the second quarter worth $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter worth $33,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the third quarter worth $46,000. Denver PWM LLC bought a new position in shares of Home Depot during the 2nd quarter worth $40,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.3 %

Shares of NYSE:HD opened at $392.53 on Friday. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56. The stock has a market cap of $389.90 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.72 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The business has a 50-day moving average price of $392.51 and a 200-day moving average price of $361.63.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the business posted $4.65 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HD shares. Sanford C. Bernstein started coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $413.48.

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.