The Home Depot, Inc. (NYSE:HD) Shares Sold by Oxler Private Wealth LLC

Oxler Private Wealth LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,105 shares of the home improvement retailer’s stock after selling 27 shares during the quarter. Oxler Private Wealth LLC’s holdings in Home Depot were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Fisher Asset Management LLC boosted its holdings in shares of Home Depot by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock worth $3,046,485,000 after buying an additional 184,480 shares during the period. Legal & General Group Plc boosted its stake in Home Depot by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after purchasing an additional 100,139 shares during the period. Price T Rowe Associates Inc. MD grew its position in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Home Depot by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after purchasing an additional 138,396 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Home Depot by 13.1% in the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after buying an additional 569,690 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on HD shares. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Truist Financial cut their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $402.38.

Home Depot Price Performance

HD stock traded up $0.12 during midday trading on Monday, reaching $412.02. 150,227 shares of the company’s stock traded hands, compared to its average volume of 3,373,118. The company has a 50-day simple moving average of $378.34 and a two-hundred day simple moving average of $356.92. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $420.03. The company has a market cap of $408.56 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. Home Depot’s dividend payout ratio (DPR) 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.