The Home Depot, Inc. (NYSE:HD) Shares Acquired by Choreo LLC

Choreo LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 42.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,467 shares of the home improvement retailer’s stock after purchasing an additional 25,156 shares during the quarter. Choreo LLC’s holdings in Home Depot were worth $28,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot during the 4th quarter worth $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 purchased a new stake in Home Depot in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $361.97 on Monday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm’s 50-day simple moving average is $357.27 and its 200-day simple moving average is $353.97. The firm has a market cap of $359.54 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00.

Home Depot (NYSE:HD) last announced 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. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 earnings per share. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Loop Capital cut their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Truist Financial dropped their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada dropped their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $387.79.

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.