Ironwood Financial llc Acquires 159 Shares of The Home Depot, Inc. (NYSE:HD)

Ironwood Financial llc increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,505 shares of the home improvement retailer’s stock after purchasing an additional 159 shares during the period. Ironwood Financial llc’s holdings in Home Depot were worth $1,825,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wulff Hansen & CO. raised its stake in shares of Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in Home Depot during the 1st quarter worth approximately $513,016,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 acquiring an additional 971,833 shares in the last quarter. Swedbank AB bought a new stake in shares of Home Depot in the first quarter worth $301,364,000. Finally, Jennison Associates LLC boosted its holdings in Home Depot by 13.1% during 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 purchasing an additional 569,690 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of HD traded down $0.93 during mid-day trading on Thursday, hitting $417.68. 137,029 shares of the company’s stock were exchanged, compared to its average volume of 3,363,455. 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 firm has a market cap of $414.18 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The stock’s 50-day simple moving average is $382.42 and its 200-day simple moving average is $357.80. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.65 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada lowered their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $404.69.

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.