Oak Harbor Wealth Partners LLC Buys 35 Shares of The Home Depot, Inc. (NYSE:HD)

Oak Harbor Wealth Partners LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,562 shares of the home improvement retailer’s stock after buying an additional 35 shares during the quarter. Home Depot accounts for approximately 1.0% of Oak Harbor Wealth Partners LLC’s holdings, making the stock its 23rd largest holding. Oak Harbor Wealth Partners LLC’s holdings in Home Depot were worth $3,292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bare Financial Services Inc acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at about $27,000. Burkett Financial Services LLC acquired a new position in Home Depot during the 4th quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the 1st quarter valued at about $38,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HD shares. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday. Truist Financial decreased their target price 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. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. Finally, HSBC reduced their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Stock Performance

Shares of HD traded up $1.99 during midday trading on Friday, reaching $362.06. 3,308,320 shares of the stock were exchanged, compared to its average volume of 3,434,097. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a market cap of $359.02 billion, a P/E ratio of 24.28, a PEG ratio of 2.48 and a beta of 0.98. The stock’s 50 day simple moving average is $350.74 and its 200 day simple moving average is $353.23.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping 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%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.65 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.49%. Home Depot’s dividend payout ratio is currently 60.36%.

About Home Depot

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.