Peoples Bank KS Buys Shares of 5,400 The Home Depot, Inc. (NYSE:HD)

Peoples Bank KS purchased a new position in The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, Holdings Channel reports. The firm purchased 5,400 shares of the home improvement retailer’s stock, valued at approximately $2,188,000. Home Depot accounts for about 1.5% of Peoples Bank KS’s portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of Home Depot in the 2nd quarter worth $25,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $27,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth $33,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot in the 1st quarter worth $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the fourth quarter valued at about $39,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.8 %

Home Depot stock traded down $3.22 during mid-day trading on Friday, hitting $408.36. The company’s stock had a trading volume of 3,988,730 shares, compared to its average volume of 3,392,598. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $412.97. The stock has a market cap of $404.94 billion, a PE ratio of 27.32, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a 50 day moving average of $372.30 and a 200-day moving average of $356.14. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The company 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.65 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given 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 (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial lowered their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Wednesday. Guggenheim lifted their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target 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, Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $398.54.

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.