JFS Wealth Advisors LLC Buys 714 Shares of The Home Depot, Inc. (NYSE:HD)

JFS Wealth Advisors LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,274 shares of the home improvement retailer’s stock after purchasing an additional 714 shares during the period. JFS Wealth Advisors LLC’s holdings in Home Depot were worth $2,542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HD. Fairway Wealth LLC purchased a new stake in Home Depot in the second quarter worth about $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter worth about $33,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the third quarter worth about $46,000. Denver PWM LLC purchased a new stake in Home Depot in the second quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 51 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HD shares. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday. DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus decreased their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Piper Sandler increased their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Trading Up 0.3 %

Shares of NYSE HD opened at $393.80 on Friday. The business has a fifty day simple moving average of $392.17 and a 200-day simple moving average of $361.25. The company has a market cap of $390.50 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.78 and a beta of 1.00. 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 12 month low of $281.61 and a 12 month high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 business 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%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) 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.