Round Rock Advisors LLC Cuts Stock Position in The Home Depot, Inc. (NYSE:HD)

Round Rock Advisors LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 80.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 957 shares of the home improvement retailer’s stock after selling 3,852 shares during the quarter. Round Rock Advisors LLC’s holdings in Home Depot were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HD. Fairway Wealth LLC purchased a new position in Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter worth about $33,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the 3rd quarter valued at about $46,000. Denver PWM LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $405.90 on Friday. The company has a market cap of $403.18 billion, a P/E ratio of 27.31, a PEG ratio of 2.69 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56. 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’s 50 day moving average price is $395.19 and its 200 day moving average price is $363.84.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $4.65 earnings per share. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. Stifel Nicolaus dropped their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Piper Sandler raised their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. TD Cowen boosted their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Evercore ISI cut their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, UBS Group increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.04.

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.