Regent Peak Wealth Advisors LLC Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Regent Peak Wealth Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,411 shares of the home improvement retailer’s stock after selling 555 shares during the period. Home Depot makes up approximately 1.0% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Regent Peak Wealth Advisors LLC’s holdings in Home Depot were worth $4,624,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HD. Transform Wealth LLC grew its position in Home Depot by 5.8% during the third quarter. Transform Wealth LLC now owns 26,231 shares of the home improvement retailer’s stock valued at $10,629,000 after buying an additional 1,444 shares during the period. McKinley Carter Wealth Services Inc. grew its position in shares of Home Depot by 0.7% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 29,000 shares of the home improvement retailer’s stock valued at $11,751,000 after acquiring an additional 212 shares during the period. Verum Partners LLC grew its position in shares of Home Depot by 0.9% during the 3rd quarter. Verum Partners LLC now owns 3,737 shares of the home improvement retailer’s stock valued at $1,514,000 after acquiring an additional 33 shares during the period. Sunpointe LLC increased its stake in shares of Home Depot by 1.9% during the 3rd quarter. Sunpointe LLC now owns 2,835 shares of the home improvement retailer’s stock worth $1,149,000 after purchasing an additional 53 shares during the last quarter. Finally, Proquility Private Wealth Partners LLC lifted its stake in Home Depot by 51.0% in the third quarter. Proquility Private Wealth Partners LLC now owns 3,974 shares of the home improvement retailer’s stock valued at $1,610,000 after purchasing an additional 1,342 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler raised their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Evercore ISI lowered their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Stifel Nicolaus cut their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. One equities research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot Price Performance

Shares of NYSE:HD opened at $418.61 on Thursday. The company’s fifty day moving average price is $382.42 and its 200-day moving average price is $357.80. 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 firm has a market capitalization of $415.10 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $421.56.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.15%. Home Depot’s dividend payout ratio is 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.