Ashton Thomas Private Wealth LLC Sells 930 Shares of The Home Depot, Inc. (NYSE:HD)

Ashton Thomas Private Wealth LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 19,885 shares of the home improvement retailer’s stock after selling 930 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Home Depot were worth $8,057,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HD. Fairway Wealth LLC bought a new position in shares of Home Depot in the second quarter worth approximately $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter valued at $33,000. Denver PWM LLC bought a new stake in Home Depot in the 2nd quarter worth $40,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Home Depot during the second quarter valued at about $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $414.51 on Tuesday. The firm has a market cap of $411.73 billion, a PE ratio of 27.48, a PEG ratio of 2.81 and a beta of 1.01. The stock has a 50 day moving average of $395.99 and a 200 day moving average of $364.77. 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 Home Depot, Inc. has a 12 month low of $287.24 and a 12 month high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the company earned $4.65 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HD shares. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Company lifted their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Evercore ISI lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, Truist Financial upped their price target on shares of Home Depot from $455.00 to $459.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $422.81.

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.