The Home Depot, Inc. (NYSE:HD) Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 644 shares of the home improvement retailer’s stock after selling 53 shares during the period. Creekmur Asset Management LLC’s holdings in Home Depot were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fairway Wealth LLC acquired a new position in Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter worth approximately $33,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 3rd quarter valued at approximately $46,000. Denver PWM LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on HD shares. TD Cowen lifted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Finally, Melius Research assumed coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Stock Down 0.6 %

Shares of NYSE:HD opened at $392.60 on Thursday. 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 $281.61 and a 52-week high of $421.56. The stock’s fifty day simple moving average is $391.61 and its 200-day simple moving average is $361.03. The company has a market capitalization of $389.31 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.78 and a beta of 1.00.

Home Depot (NYSE:HD) last issued 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 return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business earned $4.65 earnings per share. The business’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. Home Depot’s dividend payout ratio is currently 60.36%.

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.