Vanguard Capital Wealth Advisors Sells 785 Shares of The Home Depot, Inc. (NYSE:HD)

Vanguard Capital Wealth Advisors trimmed its position in The Home Depot, Inc. (NYSE:HD) by 58.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 550 shares of the home improvement retailer’s stock after selling 785 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Home Depot were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Fairway Wealth LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter valued at about $33,000. Denver PWM LLC bought a new position in Home Depot in the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the 2nd quarter valued at about $47,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on HD shares. Jefferies Financial Group started coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Sanford C. Bernstein started coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Evercore ISI lowered their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Piper Sandler increased their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. One research 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $413.48.

Home Depot Price Performance

Shares of NYSE:HD opened at $392.60 on Thursday. The company has a market cap of $389.31 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.78 and a beta of 1.00. 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 firm has a 50 day simple moving average of $391.61 and a 200 day simple moving average of $361.03. The Home Depot, Inc. has a one year low of $281.61 and a one year high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 EPS. Research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared 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. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 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.