The Home Depot, Inc. (NYSE:HD) Shares Bought by Hudson Value Partners LLC

Hudson Value Partners LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,637 shares of the home improvement retailer’s stock after acquiring an additional 312 shares during the quarter. Home Depot comprises approximately 1.5% of Hudson Value Partners LLC’s holdings, making the stock its 26th biggest holding. Hudson Value Partners LLC’s holdings in Home Depot were worth $3,905,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Truist Financial lifted their target price on Home Depot from $455.00 to $459.00 and gave the stock a “buy” rating in a report on Thursday. Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price on the stock. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $416.52.

Home Depot Stock Up 2.8 %

NYSE HD opened at $399.41 on Friday. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. 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 stock’s 50 day moving average is $393.80 and its two-hundred day moving average is $363.10. The company has a market capitalization of $396.73 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.74 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its earnings results 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. The business 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 firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $4.65 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Home Depot Company 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.