High Net Worth Advisory Group LLC Buys 34 Shares of The Home Depot, Inc. (NYSE:HD)

High Net Worth Advisory Group LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 0.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,884 shares of the home improvement retailer’s stock after acquiring an additional 34 shares during the period. Home Depot accounts for approximately 1.1% of High Net Worth Advisory Group LLC’s investment portfolio, making the stock its 22nd biggest position. High Net Worth Advisory Group LLC’s holdings in Home Depot were worth $4,005,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quintet Private Bank Europe S.A. raised its position in Home Depot by 5.2% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 61,296 shares of the home improvement retailer’s stock worth $21,242,000 after purchasing an additional 3,035 shares during the last quarter. Scarborough Advisors LLC raised its holdings in Home Depot by 4.3% during the 4th quarter. Scarborough Advisors LLC now owns 1,731 shares of the home improvement retailer’s stock worth $600,000 after purchasing an additional 71 shares during the last quarter. Pineridge Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $519,000. ARK & TLK Investments LLC bought a new stake in shares of Home Depot in the 4th quarter valued at $225,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $398,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HD. Royal Bank of Canada reduced their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Finally, 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 note on Wednesday, August 14th. One investment 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 company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $402.38.

Home Depot Trading Up 0.5 %

NYSE HD opened at $411.90 on Monday. The stock has a market capitalization of $408.45 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.88 and a beta of 1.00. The business’s fifty day moving average is $378.34 and its 200-day moving average is $356.92. 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 Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping 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 company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. Home Depot’s revenue was up .6% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.