Good Life Advisors LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Good Life Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 113.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,636 shares of the home improvement retailer’s stock after acquiring an additional 6,728 shares during the period. Good Life Advisors LLC’s holdings in Home Depot were worth $5,123,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HD. Lynch & Associates IN boosted its holdings in shares of Home Depot by 12.5% in the 1st quarter. Lynch & Associates IN now owns 4,978 shares of the home improvement retailer’s stock valued at $1,910,000 after purchasing an additional 553 shares during the last quarter. Woodstock Corp raised its position in shares of Home Depot by 0.3% in the 1st quarter. Woodstock Corp now owns 59,613 shares of the home improvement retailer’s stock worth $22,868,000 after buying an additional 172 shares during the period. Alaska Permanent Fund Corp purchased a new position in shares of Home Depot in the 1st quarter worth $96,000. Stolper Co boosted its holdings in Home Depot by 0.5% in the first quarter. Stolper Co now owns 12,851 shares of the home improvement retailer’s stock valued at $4,930,000 after acquiring an additional 65 shares during the last quarter. Finally, Montecito Bank & Trust grew its position in Home Depot by 0.6% during the first quarter. Montecito Bank & Trust now owns 5,593 shares of the home improvement retailer’s stock valued at $2,145,000 after acquiring an additional 33 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 $415.75 on Friday. The stock has a market capitalization of $412.26 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $421.56. The company’s 50-day simple moving average is $383.77 and its 200-day simple moving average is $358.20. 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 released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter last year, the business posted $4.65 EPS. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. 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 2.16%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective on the stock. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Finally, Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot 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.