Advisory Alpha LLC owns $3.34 million in The Home Depot, Inc. (NYSE:HD)

Advisory Alpha LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,702 shares of the home improvement retailer’s stock after selling 155 shares during the quarter. Advisory Alpha LLC’s holdings in Home Depot were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Texas Capital Bank Wealth Management Services Inc boosted its holdings 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 valued at $9,348,000 after purchasing an additional 5,879 shares during the last quarter. Empirical Finance LLC grew its holdings in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after purchasing an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC boosted its holdings in Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. Leeward Financial Partners LLC boosted its holdings in Home Depot by 7.3% in the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after buying an additional 711 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. purchased a new stake in Home Depot in the 4th quarter valued at approximately $88,708,000. 70.86% of the shares are currently held by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD stock opened at $405.02 on Tuesday. The stock’s fifty-day simple moving average is $368.93, and its 200-day simple moving average is $355.11. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15, and a quick ratio of 0.33. The firm has a market cap of $401.62 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 2.71 and a beta of 1.00. Home Depot, Inc. it has a one year low of $274.26 and a one year high of $405.31.

Home Depot (NYSE:HD – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s quarterly revenue was up 0.6% on a year-over-year basis. In the same quarter last year, the firm earned $4.65 EPS. On average, analysts expect The Home Depot, Inc. to post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a dividend of $9.00 on an annualized basis and a yield of 2.22%. The ex-dividend date was Thursday, August 29. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst upgrades and downgrades

HD has been the subject of several analyst reports. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. DA Davidson boosted their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. Piper Sandler lifted their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Evercore ISI decreased their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $394.08, according to MarketBeat.

Read the latest inventory report on Home Depot

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. Sells a variety of building materials, home improvement products, lawn and garden products, and landscaping products, as well as plant maintenance, repair and operations products. The company also offers installation services for flooring, water heaters, bathroom, garage doors, cabinets, cabinet conversions, countertops, sheds, furnaces and central air systems and windows.

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