Global Strategic Investment Solutions LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Global Strategic Investment Solutions LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,308 shares of the home improvement retailer’s stock after purchasing an additional 108 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Home Depot were worth $935,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada reduced their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Oppenheimer raised their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Finally, 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 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $416.52.

Home Depot Trading Up 2.8 %

NYSE:HD opened at $399.41 on Friday. The firm has a market capitalization of $396.73 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.74 and a beta of 1.01. 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 company has a fifty day moving average of $393.80 and a 200 day moving average of $363.10. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders 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 dividend yield of 2.25%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Home Depot Company 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.