D Orazio & Associates Inc. Has $1.22 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

D Orazio & Associates Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,003 shares of the home improvement retailer’s stock after buying an additional 52 shares during the period. D Orazio & Associates Inc.’s holdings in Home Depot were worth $1,217,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HD. Fairway Wealth LLC acquired a new position in Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the 2nd quarter valued at $33,000. Denver PWM LLC acquired a new position in Home Depot in the 2nd quarter valued at $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock traded up $6.11 during trading on Wednesday, hitting $409.19. 935,013 shares of the stock traded hands, compared to its average volume of 3,372,328. The Home Depot, Inc. has a one year low of $300.14 and a one year high of $421.56. The stock has a market cap of $406.45 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a 50 day simple moving average of $396.76 and a 200 day simple moving average of $365.25. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. Equities analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on HD shares. Wells Fargo & Company raised their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Jefferies Financial Group began coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group increased their price target 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $425.78.

About Home Depot

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.