The Home Depot, Inc. (NYSE:HD) Shares Bought by United Advisor Group LLC

United Advisor Group LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 13.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,933 shares of the home improvement retailer’s stock after acquiring an additional 337 shares during the period. United Advisor Group LLC’s holdings in Home Depot were worth $1,188,000 as of its most recent filing with the Securities & Exchange Commission.

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

Home Depot Stock Performance

NYSE:HD opened at $395.57 on Tuesday. 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 company has a market capitalization of $392.92 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The firm has a 50-day moving average price of $392.94 and a two-hundred day moving average price of $362.47. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last 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. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HD. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. DA Davidson boosted their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, UBS Group lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot 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.