Worth Asset Management LLC Acquires 290 Shares of The Home Depot, Inc. (NYSE:HD)

Worth Asset Management LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 49.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 873 shares of the home improvement retailer’s stock after acquiring an additional 290 shares during the quarter. Worth Asset Management LLC’s holdings in Home Depot were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new position in shares of Home Depot during the second quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Home Depot in the 1st quarter worth approximately $38,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $39,000. Finally, Denver PWM LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. DA Davidson boosted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Piper Sandler raised their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. boosted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.38.

Home Depot Stock Down 0.0 %

Shares of HD stock opened at $409.90 on Friday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company has a market capitalization of $407.15 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.88 and a beta of 1.00. The company’s fifty day moving average price is $377.21 and its 200-day moving average price is $357.09.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

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.