The Home Depot, Inc. (NYSE:HD) Shares Sold by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 7.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,329 shares of the home improvement retailer’s stock after selling 175 shares during the period. One Plus One Wealth Management LLC’s holdings in Home Depot were worth $944,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the second quarter worth about $33,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter worth about $46,000. Denver PWM LLC purchased a new stake in Home Depot during the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 51 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Morgan Stanley raised their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $415.26.

Home Depot Price Performance

Shares of NYSE HD opened at $400.21 on Wednesday. The stock has a fifty day moving average price of $393.49 and a 200 day moving average price of $362.92. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. 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 company has a market cap of $397.53 billion, a PE ratio of 26.93, a P/E/G ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm 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 company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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