Jacobsen Capital Management Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Jacobsen Capital Management lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,330 shares of the home improvement retailer’s stock after selling 92 shares during the quarter. Home Depot makes up 0.4% of Jacobsen Capital Management’s portfolio, making the stock its 24th biggest holding. Jacobsen Capital Management’s holdings in Home Depot were worth $944,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Valmark Advisers Inc. grew its holdings in Home Depot by 4.9% during the 3rd quarter. Valmark Advisers Inc. now owns 11,546 shares of the home improvement retailer’s stock valued at $4,678,000 after buying an additional 542 shares in the last quarter. Hedeker Wealth LLC grew its holdings in Home Depot by 0.9% during the 3rd quarter. Hedeker Wealth LLC now owns 4,868 shares of the home improvement retailer’s stock valued at $1,972,000 after buying an additional 45 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in Home Depot by 8.0% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 2,199 shares of the home improvement retailer’s stock valued at $891,000 after buying an additional 163 shares in the last quarter. MONECO Advisors LLC grew its holdings in Home Depot by 12.6% during the 3rd quarter. MONECO Advisors LLC now owns 4,599 shares of the home improvement retailer’s stock valued at $1,864,000 after buying an additional 513 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in Home Depot by 4.3% during the 3rd quarter. Integrated Advisors Network LLC now owns 20,870 shares of the home improvement retailer’s stock valued at $8,457,000 after buying an additional 864 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HD. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. Royal Bank of Canada cut their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Truist Financial raised their price objective on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Stifel Nicolaus lowered 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 analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.48.

Home Depot Trading Down 0.6 %

Shares of NYSE HD opened at $392.60 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The business has a fifty day simple moving average of $391.61 and a two-hundred day simple moving average of $361.03. The firm has a market cap of $389.31 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $281.61 and a twelve month 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. The business 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%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $4.65 EPS. Analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.29%. Home Depot’s dividend payout ratio 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.