The Home Depot, Inc. (NYSE:HD) Shares Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI raised its position in The Home Depot, Inc. (NYSE:HD) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,565 shares of the home improvement retailer’s stock after purchasing an additional 49 shares during the period. Home Depot comprises approximately 1.2% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 28th biggest holding. Arcadia Investment Management Corp MI’s holdings in Home Depot were worth $7,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. increased its position in Home Depot by 22.2% during the third quarter. New Covenant Trust Company N.A. now owns 1,068 shares of the home improvement retailer’s stock worth $427,000 after buying an additional 194 shares in the last quarter. Private Wealth Partners LLC raised its stake in Home Depot by 3.2% in the 3rd quarter. Private Wealth Partners LLC now owns 43,941 shares of the home improvement retailer’s stock valued at $17,805,000 after purchasing an additional 1,374 shares during the last quarter. Optas LLC lifted its holdings in Home Depot by 14.3% in the 3rd quarter. Optas LLC now owns 2,076 shares of the home improvement retailer’s stock valued at $841,000 after purchasing an additional 260 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of Home Depot by 4.9% during the 3rd quarter. Princeton Global Asset Management LLC now owns 10,791 shares of the home improvement retailer’s stock worth $4,373,000 after purchasing an additional 501 shares during the last quarter. Finally, Sollinda Capital Management LLC grew its holdings in shares of Home Depot by 3.7% during the third quarter. Sollinda Capital Management LLC now owns 1,088 shares of the home improvement retailer’s stock worth $441,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley boosted their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Melius Research started coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Price Performance

NYSE HD opened at $392.59 on Monday. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The stock’s 50-day moving average price is $392.51 and its two-hundred day moving average price is $362.03. The company has a market cap of $389.96 billion, a PE ratio of 26.42, a PEG ratio of 2.73 and a beta of 1.01. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly 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 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 681.27%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $4.65 earnings per share. On average, analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is currently 60.57%.

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.