Certified Advisory Corp Has $3.83 Million Stake in The Home Depot, Inc. (NYSE:HD)

Certified Advisory Corp lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,122 shares of the home improvement retailer’s stock after selling 30 shares during the period. Certified Advisory Corp’s holdings in Home Depot were worth $3,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Home Depot in the 2nd quarter valued at about $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot during the first quarter worth approximately $38,000. Finally, Burkett Financial Services LLC bought a new position in Home Depot during the 4th quarter worth $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HD. JPMorgan Chase & Co. upped their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. 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. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. Finally, Royal Bank of Canada reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $389.04.

Home Depot Trading Down 0.1 %

Shares of NYSE HD opened at $389.86 on Monday. The firm has a 50 day moving average price of $364.95 and a two-hundred day moving average price of $354.12. The stock has a market cap of $386.59 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 business 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% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 earnings per share. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio 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.