Forbes J M & Co. LLP Purchases 74 Shares of The Home Depot, Inc. (NYSE:HD)

Forbes J M & Co. LLP lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,331 shares of the home improvement retailer’s stock after buying an additional 74 shares during the quarter. Forbes J M & Co. LLP’s holdings in Home Depot were worth $9,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new position in Home Depot in the second quarter worth approximately $33,000. Denver PWM LLC purchased a new position in Home Depot during the 2nd quarter worth $40,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the 2nd quarter valued at $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

HD opened at $395.10 on Wednesday. The Home Depot, Inc. has a 52-week low of $276.96 and a 52-week high of $421.56. 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 company has a market cap of $391.79 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The firm’s 50-day moving average price is $391.17 and its 200-day moving average price is $360.80.

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, beating the consensus estimate 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 the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.28%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $413.48.

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.