Absher Wealth Management LLC Has $647,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Absher Wealth Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 25.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,597 shares of the home improvement retailer’s stock after purchasing an additional 320 shares during the quarter. Absher Wealth Management LLC’s holdings in Home Depot were worth $647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter valued at approximately $33,000. Denver PWM LLC acquired a new position in Home Depot during the second quarter valued at approximately $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the second quarter valued at approximately $47,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $392.53 on Friday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The company has a 50-day simple moving average of $392.51 and a two-hundred day simple moving average of $361.63. The firm has a market capitalization of $389.90 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.72 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared 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. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Truist Financial raised their price objective on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $413.48.

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.