The Home Depot, Inc. (NYSE:HD) Shares Acquired by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1,746.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,960 shares of the home improvement retailer’s stock after buying an additional 13,204 shares during the period. Philip James Wealth Mangement LLC’s holdings in Home Depot were worth $5,656,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in Home Depot during the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter valued at $33,000. Denver PWM LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot in the second quarter worth about $47,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on HD shares. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Truist Financial boosted their price objective on Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their target price for the company from $360.00 to $455.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $420.04.

Home Depot Trading Up 0.8 %

Shares of HD stock traded up $3.37 on Friday, hitting $402.81. The stock had a trading volume of 389,751 shares, compared to its average volume of 3,355,475. The company’s 50 day moving average price is $393.80 and its 200-day moving average price is $363.10. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The firm has a market capitalization of $400.11 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.74 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm 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 firm earned $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 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.