Heartwood Wealth Advisors LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,631 shares of the home improvement retailer’s stock after acquiring an additional 61 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Home Depot were worth $481,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Fairfield Bush & CO. bought a new position in Home Depot during the 1st quarter valued at about $27,000. Align Wealth Management LLC bought a new position in Home Depot during the 4th quarter valued at about $30,000. Glassy Mountain Advisors Inc. bought a new position in Home Depot during the 4th quarter valued at about $30,000. Studio Investment Management LLC bought a new position in Home Depot during the 4th quarter valued at about $32,000. Finally, EWG Elevate Inc. bought a new position in Home Depot during the 4th quarter valued at about $36,000. 69.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HD. The Goldman Sachs Group cut their price target on shares of Home Depot from $340.00 to $330.00 in a report on Tuesday, May 16th. Credit Suisse Group cut their price target on shares of Home Depot from $320.00 to $310.00 in a report on Wednesday, May 17th. Wells Fargo & Company raised their price objective on shares of Home Depot from $325.00 to $345.00 in a research report on Thursday, June 8th. Sanford C. Bernstein lowered their price objective on shares of Home Depot from $333.00 to $314.00 in a research report on Wednesday, May 17th. Finally, Wedbush lowered their price objective on shares of Home Depot from $300.00 to $290.00 in a research report on Wednesday, May 17th. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $323.43.
Insider Activity
Home Depot Stock Up 2.4 %
Shares of NYSE:HD opened at $307.96 on Tuesday. The Home Depot, Inc. has a 52 week low of $265.61 and a 52 week high of $347.25. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.28 and a current ratio of 1.27. The company has a market capitalization of $309.62 billion, a PE ratio of 18.77, a PEG ratio of 1.96 and a beta of 0.93. The company has a 50 day moving average price of $294.90 and a two-hundred day moving average price of $303.34.
Home Depot (NYSE:HD – Get Rating) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, beating the consensus estimate of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The firm had revenue of $37.26 billion during the quarter, compared to the consensus estimate of $38.35 billion. During the same quarter in the prior year, the firm earned $4.09 earnings per share. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 14.97 earnings per share for the current year.
Home Depot Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $2.09 dividend. This represents a $8.36 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. 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.
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