Financial Security Advisor Inc. Has $788,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Financial Security Advisor Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,945 shares of the home improvement retailer’s stock after selling 36 shares during the period. Financial Security Advisor Inc.’s holdings in Home Depot were worth $788,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter worth $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $40,000. Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the second quarter worth $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of HD opened at $400.21 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 12 month low of $286.79 and a 12 month high of $421.56. The firm has a fifty day simple moving average of $393.49 and a 200 day simple moving average of $362.92. The stock has a market capitalization of $397.53 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the firm posted $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. Home Depot’s dividend payout ratio is presently 60.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HD. TD Cowen raised their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Royal Bank of Canada reduced their target price 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. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $415.26.

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.