The Home Depot, Inc. (NYSE:HD) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,995 shares of the home improvement retailer’s stock after selling 958 shares during the period. J. W. Coons Advisors LLC’s holdings in Home Depot were worth $2,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Bare Financial Services Inc purchased a new stake in Home Depot during the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot during the 4th quarter worth approximately $27,000. Kings Path Partners LLC purchased a new position in Home Depot during the 2nd quarter worth approximately $33,000. Burkett Financial Services LLC acquired a new stake in Home Depot during the 4th quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot in the first quarter worth $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Truist Financial lowered their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Loop Capital decreased their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Stock Up 0.4 %

Shares of HD opened at $368.50 on Friday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market capitalization of $366.03 billion, a PE ratio of 24.71, a P/E/G ratio of 2.55 and a beta of 0.98. The company’s 50-day simple moving average is $355.21 and its 200-day simple moving average is $353.95. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 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 company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter last year, the company posted $4.65 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is currently 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.