The Home Depot, Inc. (NYSE:HD) Stake Raised by Miramar Capital LLC

Miramar Capital LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,137 shares of the home improvement retailer’s stock after acquiring an additional 152 shares during the quarter. Home Depot accounts for approximately 3.6% of Miramar Capital LLC’s investment portfolio, making the stock its 7th biggest holding. Miramar Capital LLC’s holdings in Home Depot were worth $14,505,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Ruedi Wealth Management Inc. boosted its position in 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 purchasing an additional 27 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after purchasing an additional 28 shares in the last quarter. Acorn Creek Capital LLC boosted its position in Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after purchasing an additional 28 shares in the last quarter. STAR Financial Bank boosted its position in Home Depot by 0.7% during 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 boosted its position in 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 worth $915,000 after purchasing an additional 29 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of NYSE:HD opened at $384.13 on Thursday. The firm has a market capitalization of $380.91 billion, a PE ratio of 25.76, a P/E/G ratio of 2.57 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 business has a 50-day moving average of $363.62 and a two-hundred day moving average of $354.13. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.34%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. DA Davidson boosted their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada reduced their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Loop Capital upped their price objective on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday. Truist Financial reduced their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. One investment 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’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $389.04.

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.