The Home Depot, Inc. (NYSE:HD) Shares Acquired by Cedrus LLC

Cedrus LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,680 shares of the home improvement retailer’s stock after buying an additional 32 shares during the period. Cedrus LLC’s holdings in Home Depot were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp acquired a new stake in shares of Home Depot in the 1st quarter valued at about $96,000. Douglas Lane & Associates LLC boosted its holdings in shares of Home Depot by 0.9% in the first quarter. Douglas Lane & Associates LLC now owns 29,676 shares of the home improvement retailer’s stock valued at $11,384,000 after acquiring an additional 259 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 10.5% in the first quarter. International Assets Investment Management LLC now owns 17,762 shares of the home improvement retailer’s stock valued at $6,537,000 after acquiring an additional 1,691 shares during the period. Crestmont Private Wealth LLC grew its position in shares of Home Depot by 34.8% during the first quarter. Crestmont Private Wealth LLC now owns 1,212 shares of the home improvement retailer’s stock worth $465,000 after acquiring an additional 313 shares during the last quarter. Finally, Unique Wealth LLC increased its holdings in shares of Home Depot by 5.4% in the 1st quarter. Unique Wealth LLC now owns 2,351 shares of the home improvement retailer’s stock valued at $902,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $415.00 on Monday. The stock has a fifty day moving average price of $385.10 and a 200 day moving average price of $358.49. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market cap of $411.52 billion, a PE ratio of 27.83, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the previous year, the company posted $4.65 EPS. The business’s revenue was up .6% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HD shares. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. DA Davidson boosted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Truist Financial increased their price objective on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $404.69.

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.