The Home Depot, Inc. (NYSE:HD) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,769 shares of the home improvement retailer’s stock after selling 123 shares during the quarter. Home Depot accounts for approximately 1.4% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 9th largest position. Sheaff Brock Investment Advisors LLC’s holdings in Home Depot were worth $15,709,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Oppenheimer increased their price objective 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. Finally, JPMorgan Chase & Co. lifted their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

HD opened at $405.60 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The company’s 50 day simple moving average is $397.67 and its 200-day simple moving average is $365.56. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The stock has a market capitalization of $402.88 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.81 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.06 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. Home Depot’s payout ratio is presently 61.14%.

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.