QRG Capital Management Inc. Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

QRG Capital Management Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 135,815 shares of the home improvement retailer’s stock after buying an additional 5,619 shares during the quarter. QRG Capital Management Inc.’s holdings in Home Depot were worth $55,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. WFA Asset Management Corp lifted its position in Home Depot by 10.7% during the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Home Depot by 0.3% during the first quarter. Nordea Investment Management AB now owns 974,042 shares of the home improvement retailer’s stock worth $373,078,000 after purchasing an additional 2,654 shares in the last quarter. Quent Capital LLC lifted its position in shares of Home Depot by 5.6% during the first quarter. Quent Capital LLC now owns 8,433 shares of the home improvement retailer’s stock worth $3,235,000 after purchasing an additional 448 shares in the last quarter. Finally, GSB Wealth Management LLC lifted its position in shares of Home Depot by 0.4% during the first quarter. GSB Wealth Management LLC now owns 11,733 shares of the home improvement retailer’s stock worth $4,501,000 after purchasing an additional 47 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.8 %

HD opened at $395.57 on Tuesday. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a market capitalization of $392.92 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 2.73 and a beta of 1.01. The business has a 50 day moving average of $392.94 and a 200-day moving average of $362.47.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping 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%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $4.65 earnings per share. As a group, sell-side 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. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.28%. Home Depot’s dividend payout ratio is currently 60.57%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Truist Financial lifted their price target on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Guggenheim upped their price target 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $413.48.

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.