Arcadia Investment Management Corp MI Boosts Position in The Home Depot, Inc. (NYSE:HD)

Arcadia Investment Management Corp MI boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,565 shares of the home improvement retailer’s stock after purchasing an additional 49 shares during the period. Home Depot comprises approximately 1.2% of Arcadia Investment Management Corp MI’s investment portfolio, making the stock its 28th biggest holding. Arcadia Investment Management Corp MI’s holdings in Home Depot were worth $7,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its stake in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its stake in Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after acquiring an additional 623 shares in the last quarter. REDW Wealth LLC raised its holdings in Home Depot by 7.4% in the 1st quarter. REDW Wealth LLC now owns 963 shares of the home improvement retailer’s stock valued at $369,000 after acquiring an additional 66 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of Home Depot by 1.3% during the 1st quarter. PDS Planning Inc now owns 5,670 shares of the home improvement retailer’s stock worth $2,175,000 after purchasing an additional 71 shares during the last quarter. Finally, Hollencrest Capital Management grew its position in shares of Home Depot by 2,095.2% in the first quarter. Hollencrest Capital Management now owns 101,877 shares of the home improvement retailer’s stock valued at $39,080,000 after purchasing an additional 97,236 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. Truist Financial lifted their price target 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. Oppenheimer raised their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley upped their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $413.48.

Home Depot Stock Down 0.3 %

Shares of NYSE:HD opened at $392.59 on Monday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market cap of $389.96 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.73 and a beta of 1.01. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. The firm has a fifty day moving average price of $392.51 and a 200 day moving average price of $362.03.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the firm earned $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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 60.57%.

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.