The Home Depot, Inc. (NYSE:HD) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,424 shares of the home improvement retailer’s stock after selling 90 shares during the period. Home Depot accounts for approximately 0.8% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Home Depot were worth $2,541,000 as of its most recent SEC filing.

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. Denver PWM LLC acquired a new position in Home Depot during the second quarter worth approximately $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $403.17 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $287.24 and a fifty-two week high of $421.56. The stock’s 50-day moving average is $396.76 and its two-hundred day moving average is $365.25. 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 firm has a market cap of $400.46 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $4.65 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. 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 (DPR) is presently 60.57%.

Wall Street Analyst Weigh In

Several research firms have commented on HD. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. UBS Group lifted their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. 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. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Piper Sandler lifted their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. One 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’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.67.

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.