HFG Advisors Inc. Invests $227,000 in The Home Depot, Inc. (NYSE:HD)

HFG Advisors Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 559 shares of the home improvement retailer’s stock, valued at approximately $227,000.

A number of other institutional investors have also bought and sold shares of the company. One Wealth Advisors LLC grew its holdings in Home Depot by 15.2% in the third quarter. One Wealth Advisors LLC now owns 854 shares of the home improvement retailer’s stock worth $346,000 after purchasing an additional 113 shares during the period. Ironwood Financial llc boosted its holdings in Home Depot by 3.7% during the third quarter. Ironwood Financial llc now owns 4,505 shares of the home improvement retailer’s stock worth $1,825,000 after purchasing an additional 159 shares during the last quarter. Consolidated Capital Management LLC bought a new position in shares of Home Depot in the third quarter valued at approximately $218,000. ZWJ Investment Counsel Inc. grew its holdings in shares of Home Depot by 1.8% in the third quarter. ZWJ Investment Counsel Inc. now owns 91,216 shares of the home improvement retailer’s stock valued at $36,961,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Mokosak Advisory Group LLC bought a new stake in Home Depot during the third quarter worth $214,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. DA Davidson lifted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, Piper Sandler increased their price target on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Stock Down 0.6 %

Home Depot stock traded down $2.46 during mid-day trading on Thursday, reaching $416.15. The stock had a trading volume of 409,552 shares, compared to its average volume of 3,364,417. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $421.56. The company has a 50-day moving average price of $382.42 and a two-hundred day moving average price of $357.80. The company has a market capitalization of $412.66 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 2.88 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.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the firm posted $4.65 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 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.