Pallas Capital Advisors LLC Has $918,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Pallas Capital Advisors LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,280 shares of the home improvement retailer’s stock after acquiring an additional 41 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Home Depot were worth $918,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HD. Fairway Wealth LLC acquired a new position in Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the second quarter worth approximately $33,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HD shares. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Truist Financial upped their price target on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Melius Research began coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $413.48.

Home Depot Price Performance

NYSE:HD opened at $395.10 on Wednesday. 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 firm has a fifty day simple moving average of $391.17 and a 200 day simple moving average of $360.80. The Home Depot, Inc. has a 1-year low of $276.96 and a 1-year high of $421.56. The stock has a market capitalization of $391.79 billion, a PE ratio of 26.50, a P/E/G ratio of 2.78 and a beta of 1.00.

Home Depot (NYSE:HD) last released 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. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal 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 given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.28%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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.