Cim LLC Has $2.35 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Cim LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,488 shares of the home improvement retailer’s stock after purchasing an additional 623 shares during the period. Cim LLC’s holdings in Home Depot were worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Home Depot during the second quarter worth approximately $59,624,000. Clear Rock Advisors LLC increased its stake in Home Depot by 5.4% during the 2nd quarter. Clear Rock Advisors LLC now owns 8,221 shares of the home improvement retailer’s stock worth $2,830,000 after acquiring an additional 419 shares during the period. Creekside Partners acquired a new position in Home Depot in the 2nd quarter valued at $491,000. Brown Financial Advisors acquired a new position in Home Depot in the 2nd quarter valued at $746,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Royal Bank of Canada lowered their price objective on shares of 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. Loop Capital boosted their price target on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus lowered their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $394.08.

Home Depot Trading Up 1.0 %

Shares of HD stock opened at $409.21 on Wednesday. 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 stock has a market capitalization of $405.78 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $410.56. The company’s fifty day simple moving average is $369.92 and its two-hundred day simple moving average is $355.36.

Home Depot (NYSE:HD) last released 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. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.