Kavar Capital Partners Group LLC Has $5.54 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Kavar Capital Partners Group LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,682 shares of the home improvement retailer’s stock after buying an additional 95 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Home Depot were worth $5,544,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot during the second quarter worth $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter valued at $33,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter valued at $40,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the third quarter valued at $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 currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.9 %

Shares of NYSE HD opened at $398.91 on Monday. The firm’s 50-day moving average price is $389.81 and its 200-day moving average price is $360.04. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a market capitalization of $396.23 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.78 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $421.56.

Home Depot (NYSE:HD) last announced its 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 firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.65 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.26%. Home Depot’s payout ratio is 60.57%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Wednesday, October 2nd. 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. Piper Sandler raised their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Truist Financial raised 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. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $412.00.

Home Depot Company Profile

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.