The Home Depot, Inc. (NYSE:HD) Shares Sold by S.A. Mason LLC

S.A. Mason LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 5.5% in the third quarter, HoldingsChannel.com reports. The firm owned 3,173 shares of the home improvement retailer’s stock after selling 185 shares during the quarter. S.A. Mason LLC’s holdings in Home Depot were worth $1,286,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new stake in Home Depot in the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.3 %

Home Depot stock opened at $393.80 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 company has a market capitalization of $390.50 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.78 and a beta of 1.00. The Home Depot, Inc. has a one year low of $281.61 and a one year high of $421.56. The company’s fifty day moving average price is $392.17 and its two-hundred day moving average price is $361.25.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HD shares. Piper Sandler increased their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Truist Financial increased their price objective on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. DA Davidson increased their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $413.48.

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.