Blossom Wealth Management Has $870,000 Stake in The Home Depot, Inc. (NYSE:HD)

Blossom Wealth Management boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,147 shares of the home improvement retailer’s stock after acquiring an additional 33 shares during the quarter. Home Depot accounts for approximately 1.8% of Blossom Wealth Management’s portfolio, making the stock its 15th largest position. Blossom Wealth Management’s holdings in Home Depot were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Texas Capital Bank Wealth Management Services Inc grew its stake in shares of Home Depot by 27.6% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after purchasing an additional 5,879 shares during the period. Empirical Finance LLC grew its position in shares of Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares during the period. Pegasus Asset Management Inc. increased its stake in shares of Home Depot by 1.8% in the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after acquiring an additional 86 shares during the last quarter. Commonwealth Retirement Investments LLC raised its position in shares of Home Depot by 5.5% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after acquiring an additional 965 shares during the period. Finally, Swedbank AB boosted its stake in Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HD. Jefferies Financial Group began coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Truist Financial raised their price objective on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted 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. Melius Research initiated coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday. They set a “market perform” rating and a $451.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $410.67.

Home Depot Stock Down 0.5 %

Shares of HD stock opened at $399.64 on Thursday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The stock has a market cap of $396.29 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.88 and a beta of 1.00. The firm’s 50-day moving average is $388.23 and its 200-day moving average is $359.43. 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. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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. 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 2.25%. Home Depot’s dividend payout ratio (DPR) is 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.