Opal Wealth Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,266 shares of the home improvement retailer’s stock after purchasing an additional 97 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Home Depot were worth $374,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of HD. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter worth approximately $27,000. Glassy Mountain Advisors Inc. purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $30,000. Studio Investment Management LLC purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $32,000. Align Wealth Management LLC purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $30,000. Finally, EWG Elevate Inc. purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $36,000. 69.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Loop Capital raised their target price on Home Depot from $280.00 to $300.00 in a research note on Wednesday, June 14th. Wedbush lowered their target price on Home Depot from $300.00 to $290.00 in a research note on Wednesday, May 17th. Jefferies Financial Group raised their target price on Home Depot from $337.00 to $349.00 in a research note on Wednesday, June 14th. Credit Suisse Group lowered their target price on Home Depot from $320.00 to $310.00 in a research note on Wednesday, May 17th. Finally, Sanford C. Bernstein reduced their price objective on Home Depot from $333.00 to $314.00 in a research report on Wednesday, May 17th. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.43.
Insider Transactions at Home Depot
Home Depot Price Performance
Shares of Home Depot stock opened at $310.02 on Tuesday. The stock’s 50-day simple moving average is $295.95 and its 200-day simple moving average is $302.69. The Home Depot, Inc. has a 52 week low of $265.61 and a 52 week high of $347.25. The company has a market capitalization of $311.69 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.02 and a beta of 0.94. The company has a quick ratio of 0.28, a current ratio of 1.27 and a debt-to-equity ratio of 113.02.
Home Depot (NYSE:HD – Free Report) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The firm had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. During the same period in the previous year, the firm posted $4.09 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.70%. Home Depot’s dividend payout ratio (DPR) is 50.94%.
Home Depot Profile
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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