The Home Depot, Inc. (NYSE:HD) Shares Purchased by Morton Capital Management LLC CA

Morton Capital Management LLC CA boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,458 shares of the home improvement retailer’s stock after acquiring an additional 244 shares during the period. Morton Capital Management LLC CA’s holdings in Home Depot were worth $1,401,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Garner Asset Management Corp acquired a new stake in Home Depot during the fourth quarter worth approximately $139,000. Kestra Advisory Services LLC raised its stake in Home Depot by 9.0% during the 4th quarter. Kestra Advisory Services LLC now owns 129,766 shares of the home improvement retailer’s stock worth $44,971,000 after acquiring an additional 10,756 shares in the last quarter. Waverly Advisors LLC lifted its position in Home Depot by 20.1% in the fourth quarter. Waverly Advisors LLC now owns 37,110 shares of the home improvement retailer’s stock valued at $12,861,000 after acquiring an additional 6,205 shares during the last quarter. Gibson Capital LLC boosted its stake in Home Depot by 6.2% in the fourth quarter. Gibson Capital LLC now owns 1,168 shares of the home improvement retailer’s stock valued at $405,000 after acquiring an additional 68 shares in the last quarter. Finally, Orleans Capital Management Corp LA grew its holdings in shares of Home Depot by 1.2% during the fourth quarter. Orleans Capital Management Corp LA now owns 17,107 shares of the home improvement retailer’s stock worth $5,928,000 after purchasing an additional 200 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Oppenheimer raised their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Evercore ISI reduced their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $360.00 to $460.00 in a research note on Wednesday. Finally, Jefferies Financial Group started coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.38.

Home Depot Stock Down 1.7 %

HD stock opened at $409.14 on Thursday. The company has a 50 day moving average price of $376.18 and a two-hundred day moving average price of $356.72. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market capitalization of $405.71 billion, a P/E ratio of 27.91, a PEG ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.