Drucker Wealth 3.0 LLC Purchases New Position in The Home Depot, Inc. (NYSE:HD)

Drucker Wealth 3.0 LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, HoldingsChannel reports. The fund purchased 654 shares of the home improvement retailer’s stock, valued at approximately $225,000.

Other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter valued at $25,000. Frank Rimerman Advisors LLC acquired a new stake in Home Depot in the 4th quarter valued at $27,000. Kings Path Partners LLC acquired a new stake in Home Depot in the 2nd quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot during the first quarter valued at about $38,000. Finally, Burkett Financial Services LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at about $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of NYSE HD opened at $396.74 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The firm’s 50-day moving average price is $366.76 and its two-hundred day moving average price is $354.72. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $401.11. The stock has a market capitalization of $393.41 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.71 and a beta of 1.00.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.27%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. JPMorgan Chase & Co. raised their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group raised 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. Melius Research began coverage on Home Depot in a research note on Monday. They set a “buy” rating and a $420.00 target price for the company. Finally, DA Davidson raised their target price on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $391.88.

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.