Drake & Associates LLC Purchases 477 Shares of The Home Depot, Inc. (NYSE:HD)

Drake & Associates LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 61.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,255 shares of the home improvement retailer’s stock after acquiring an additional 477 shares during the period. Drake & Associates LLC’s holdings in Home Depot were worth $509,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Lynch & Associates IN raised its stake in shares of Home Depot by 12.5% during the 1st quarter. Lynch & Associates IN now owns 4,978 shares of the home improvement retailer’s stock worth $1,910,000 after purchasing an additional 553 shares in the last quarter. Woodstock Corp raised its position in Home Depot by 0.3% during the first quarter. Woodstock Corp now owns 59,613 shares of the home improvement retailer’s stock worth $22,868,000 after acquiring an additional 172 shares in the last quarter. Alaska Permanent Fund Corp acquired a new stake in Home Depot in the first quarter valued at $96,000. Stolper Co increased its stake in shares of Home Depot by 0.5% during the 1st quarter. Stolper Co now owns 12,851 shares of the home improvement retailer’s stock worth $4,930,000 after purchasing an additional 65 shares during the last quarter. Finally, Montecito Bank & Trust lifted its stake in Home Depot by 0.6% in the 1st quarter. Montecito Bank & Trust now owns 5,593 shares of the home improvement retailer’s stock valued at $2,145,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. DA Davidson raised their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Piper Sandler raised their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot Trading Down 0.7 %

HD opened at $415.75 on Friday. The company has a market cap of $412.26 billion, a P/E ratio of 27.88, a PEG ratio of 2.88 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company’s 50 day moving average is $383.77 and its 200-day moving average is $358.20. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last issued its 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the business posted $4.65 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.