JFS Wealth Advisors LLC Has $2.54 Million Holdings in The Home Depot, Inc. (NYSE:HD)

JFS Wealth Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 12.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,274 shares of the home improvement retailer’s stock after buying an additional 714 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Home Depot were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SteelPeak Wealth LLC raised its position in Home Depot by 23.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 25,010 shares of the home improvement retailer’s stock valued at $10,134,000 after purchasing an additional 4,716 shares during the last quarter. Pinnacle Associates Ltd. raised its position in Home Depot by 3.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 150,079 shares of the home improvement retailer’s stock valued at $60,812,000 after purchasing an additional 4,743 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Home Depot by 22.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 39,429 shares of the home improvement retailer’s stock valued at $15,977,000 after buying an additional 7,168 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at $253,000. Finally, Edge Financial Advisors LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at $207,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Evercore ISI lowered their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, UBS Group boosted their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.48.

Home Depot Stock Up 0.3 %

NYSE HD opened at $393.80 on Friday. The business has a fifty day moving average price of $392.17 and a two-hundred day moving average price of $361.25. 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 fifty-two week low of $281.61 and a fifty-two week high of $421.56. The stock has a market capitalization of $390.50 billion, a PE ratio of 26.41, a PEG ratio of 2.78 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly 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 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company earned $4.65 EPS. Home Depot’s revenue was up .6% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend 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.