McElhenny Sheffield Capital Management LLC Sells 48 Shares of The Home Depot, Inc. (NYSE:HD)

McElhenny Sheffield Capital Management LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 7.7% during the third quarter, HoldingsChannel.com reports. The firm owned 576 shares of the home improvement retailer’s stock after selling 48 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Home Depot were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Alaska Permanent Fund Corp purchased a new stake in Home Depot in the first quarter worth about $96,000. Douglas Lane & Associates LLC raised its holdings in shares of Home Depot by 0.9% in the 1st quarter. Douglas Lane & Associates LLC now owns 29,676 shares of the home improvement retailer’s stock valued at $11,384,000 after purchasing an additional 259 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Home Depot by 10.5% in the 1st quarter. International Assets Investment Management LLC now owns 17,762 shares of the home improvement retailer’s stock worth $6,537,000 after purchasing an additional 1,691 shares during the period. Crestmont Private Wealth LLC boosted its stake in shares of Home Depot by 34.8% during the first quarter. Crestmont Private Wealth LLC now owns 1,212 shares of the home improvement retailer’s stock valued at $465,000 after purchasing an additional 313 shares in the last quarter. Finally, Unique Wealth LLC increased its holdings in Home Depot by 5.4% during the first quarter. Unique Wealth LLC now owns 2,351 shares of the home improvement retailer’s stock valued at $902,000 after buying an additional 121 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

NYSE:HD opened at $415.00 on Monday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company’s fifty day moving average price is $385.10 and its 200-day moving average price is $358.49. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56. The firm has a market capitalization of $411.52 billion, a P/E ratio of 27.83, a PEG ratio of 2.88 and a beta of 1.00.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.17%. Home Depot’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. DA Davidson lifted their target price on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Truist Financial increased their price target on shares of Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Guggenheim lifted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Oppenheimer increased their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $404.69.

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.