ROI Financial Advisors LLC Has $5.88 Million Position in The Home Depot, Inc. (NYSE:HD)

ROI Financial Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the third quarter, HoldingsChannel reports. The firm owned 14,501 shares of the home improvement retailer’s stock after buying an additional 365 shares during the period. Home Depot makes up approximately 4.1% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 8th largest position. ROI Financial Advisors LLC’s holdings in Home Depot were worth $5,876,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the 2nd quarter worth about $33,000. Denver PWM LLC purchased a new stake in 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 third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the second quarter worth about $47,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HD. Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Truist Financial boosted their target price on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer raised their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Trading Up 1.8 %

HD opened at $410.39 on Thursday. The firm has a market capitalization of $407.64 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01. The company’s 50 day simple moving average is $396.76 and its two-hundred day simple moving average is $365.25. The Home Depot, Inc. has a 1-year low of $300.14 and a 1-year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.81 EPS. Analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

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.