Altus Wealth Group LLC Increases Position in The Home Depot, Inc. (NYSE:HD)

Altus Wealth Group LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 11.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,569 shares of the home improvement retailer’s stock after acquiring an additional 373 shares during the period. Altus Wealth Group LLC’s holdings in Home Depot were worth $1,446,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in Home Depot by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock valued at $2,931,328,000 after purchasing an additional 100,139 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after purchasing an additional 138,396 shares in the last quarter. Jennison Associates LLC increased its holdings in Home Depot by 13.1% in the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after buying an additional 569,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Home Depot by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after buying an additional 333,312 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.7 %

HD opened at $402.40 on Friday. The company has a market capitalization of $399.03 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The firm has a 50-day simple moving average of $388.23 and a two-hundred day simple moving average of $359.43. 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 Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during 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%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $4.65 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share 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 paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Analyst Ratings Changes

A number of brokerages have weighed in on HD. Truist Financial boosted their target price on shares of Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group increased their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. DA Davidson increased their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $410.67.

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.