The Home Depot, Inc. (NYSE:HD) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 2.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 36,283 shares of the home improvement retailer’s stock after selling 1,097 shares during the period. Great Lakes Advisors LLC’s holdings in Home Depot were worth $12,490,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. boosted its position in shares of Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after buying an additional 27 shares during the period. Cape Investment Advisory Inc. raised its stake in Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after acquiring an additional 28 shares in the last quarter. Acorn Creek Capital LLC boosted its position in Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after acquiring an additional 28 shares during the period. STAR Financial Bank grew its stake in shares of Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares in the last quarter. Finally, Talisman Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.2% during the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HD shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, August 13th. Truist Financial decreased their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada dropped their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Stock Down 0.5 %

NYSE:HD opened at $360.05 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market capitalization of $357.03 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.55 and a beta of 1.00. 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 business’s fifty day moving average price is $357.27 and its 200 day moving average price is $354.04.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for 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%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) 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.