The Home Depot, Inc. (NYSE:HD) Shares Bought by Adapt Wealth Advisors LLC

Adapt Wealth Advisors LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 43.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 905 shares of the home improvement retailer’s stock after buying an additional 276 shares during the period. Adapt Wealth Advisors LLC’s holdings in Home Depot were worth $312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the 4th quarter valued at $27,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at $33,000. Burkett Financial Services LLC purchased a new position in Home Depot during the fourth quarter worth about $38,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot in the 1st quarter worth about $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HD. Truist Financial cut their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. TD Cowen cut their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada reduced their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Trading Down 0.5 %

Home Depot stock opened at $360.05 on Monday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 firm has a market capitalization of $357.63 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.49 and a beta of 1.00. The firm has a 50-day moving average price of $357.27 and a two-hundred day moving average price of $353.97.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (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 business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the company posted $4.65 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s payout ratio is currently 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.