Aaron Wealth Advisors LLC Has $1.77 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Posted by on Apr 5th, 2023

Aaron Wealth Advisors LLC grew its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 101.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,590 shares of the home improvement retailer’s stock after buying an additional 2,815 shares during the period. Aaron Wealth Advisors LLC’s holdings in Home Depot were worth $1,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. First Personal Financial Services boosted its position in shares of Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 43 shares during the last quarter. Fairfield Bush & CO. bought a new position in shares of Home Depot in the 1st quarter worth $27,000. Align Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter worth $30,000. Glassy Mountain Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter worth $30,000. Finally, Bellwether Advisors LLC boosted its position in shares of Home Depot by 74.0% in the 3rd quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 54 shares during the last quarter. 68.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HD. Roth Mkm reduced their price target on Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 22nd. Credit Suisse Group reduced their target price on Home Depot from $335.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. Morgan Stanley reduced their target price on Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. Bank of America reduced their target price on Home Depot from $360.00 to $346.00 in a report on Wednesday, February 22nd. Finally, Oppenheimer reduced their target price on Home Depot from $470.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, February 17th. Thirteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $330.61.

Home Depot Price Performance

Shares of NYSE HD opened at $294.96 on Wednesday. The business’s 50 day moving average price is $302.24 and its two-hundred day moving average price is $303.78. The company has a market cap of $299.37 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.71 and a beta of 0.93. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $347.25.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. The firm had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.21 earnings per share. On average, analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were issued a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, March 8th. This is a boost from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is currently 50.12%.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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