Visionary Horizons LLC Has $644,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Visionary Horizons LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,590 shares of the home improvement retailer’s stock after buying an additional 85 shares during the period. Visionary Horizons LLC’s holdings in Home Depot were worth $644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Oppenheimer raised their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Royal Bank of Canada decreased their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $413.48.

Home Depot Stock Down 0.3 %

HD stock opened at $392.59 on Friday. 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. The business has a 50-day simple moving average of $392.51 and a 200 day simple moving average of $361.82. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week 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.

Home Depot (NYSE:HD) last posted 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 business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.65 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal 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 paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

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.