Heritage Wealth Partners LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Heritage Wealth Partners LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 696 shares of the home improvement retailer’s stock after selling 284 shares during the quarter. Heritage Wealth Partners LLC’s holdings in Home Depot were worth $282,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Garner Asset Management Corp acquired a new position in Home Depot during the fourth quarter worth approximately $139,000. Kestra Advisory Services LLC boosted its stake in Home Depot by 9.0% during the 4th quarter. Kestra Advisory Services LLC now owns 129,766 shares of the home improvement retailer’s stock worth $44,971,000 after purchasing an additional 10,756 shares during the period. Waverly Advisors LLC grew its position in Home Depot by 20.1% during the 4th quarter. Waverly Advisors LLC now owns 37,110 shares of the home improvement retailer’s stock worth $12,861,000 after purchasing an additional 6,205 shares during the last quarter. Gibson Capital LLC raised its holdings in shares of Home Depot by 6.2% in the fourth quarter. Gibson Capital LLC now owns 1,168 shares of the home improvement retailer’s stock valued at $405,000 after buying an additional 68 shares during the last quarter. Finally, Orleans Capital Management Corp LA boosted its stake in shares of Home Depot by 1.2% during the fourth quarter. Orleans Capital Management Corp LA now owns 17,107 shares of the home improvement retailer’s stock worth $5,928,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.5 %

HD stock opened at $416.07 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market cap of $412.58 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.71 and a beta of 1.00. The business has a fifty day simple moving average of $376.18 and a 200-day simple moving average of $356.72. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $420.03.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm 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%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.65 earnings per share. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.16%. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Wednesday, October 2nd. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price target for the stock from $360.00 to $460.00 in a report on Wednesday. Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, Truist Financial dropped their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $402.38.

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.