Creative Financial Designs Inc. ADV Purchases 135 Shares of The Home Depot, Inc. (NYSE:HD)

Creative Financial Designs Inc. ADV raised its holdings in The Home Depot, Inc. (NYSE:HD) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,476 shares of the home improvement retailer’s stock after purchasing an additional 135 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Home Depot were worth $598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobson & Schmitt Advisors LLC purchased a new stake in shares of Home Depot in the third quarter worth about $206,000. Principal Securities Inc. increased its stake in Home Depot by 18.9% in the third quarter. Principal Securities Inc. now owns 17,630 shares of the home improvement retailer’s stock valued at $7,144,000 after acquiring an additional 2,805 shares during the last quarter. Manitou Investment Management Ltd. lifted its position in Home Depot by 0.8% in the 3rd quarter. Manitou Investment Management Ltd. now owns 81,363 shares of the home improvement retailer’s stock worth $32,968,000 after buying an additional 663 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Home Depot by 5.9% in the 3rd quarter. Stephens Inc. AR now owns 59,825 shares of the home improvement retailer’s stock valued at $24,241,000 after purchasing an additional 3,319 shares in the last quarter. Finally, Lincluden Management Ltd. grew its stake in shares of Home Depot by 1.1% during the third quarter. Lincluden Management Ltd. now owns 14,516 shares of the home improvement retailer’s stock valued at $5,882,000 after buying an additional 164 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Truist Financial increased their price objective on shares of Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $413.48.

Home Depot Stock Performance

Home Depot stock opened at $392.59 on Friday. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month 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’s 50-day moving average price is $392.51 and its 200-day moving average price is $361.82. The company has a market cap of $389.96 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 business 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 firm posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders 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 dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

About Home Depot

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.