JNBA Financial Advisors Decreases Stake in The Home Depot, Inc. (NYSE:HD)

JNBA Financial Advisors decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,623 shares of the home improvement retailer’s stock after selling 285 shares during the quarter. JNBA Financial Advisors’ holdings in Home Depot were worth $658,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the second quarter worth $33,000. Denver PWM LLC acquired a new stake in Home Depot in the second quarter valued at $40,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the third quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $388.19 on Thursday. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The business’s fifty day moving average is $393.80 and its two-hundred day moving average is $363.10. The stock has a market capitalization of $385.59 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.74 and a beta of 1.01. 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 announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company posted $4.65 earnings per share. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is presently 60.57%.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. Royal Bank of Canada lowered their price target 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. Truist Financial raised their price objective on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. upped their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Oppenheimer raised their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $416.37.

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.