OneDigital Investment Advisors LLC Reduces Stock Holdings in The Home Depot, Inc. (NYSE:HD)

OneDigital Investment Advisors LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,656 shares of the home improvement retailer’s stock after selling 1,062 shares during the period. OneDigital Investment Advisors LLC’s holdings in Home Depot were worth $13,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its stake in shares of Home Depot by 10.7% during the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after acquiring an additional 623 shares in the last quarter. M&G Plc bought a new stake in shares of Home Depot in the 1st quarter worth about $68,129,000. First Foundation Advisors increased its holdings in Home Depot by 5.0% in the first quarter. First Foundation Advisors now owns 11,278 shares of the home improvement retailer’s stock valued at $4,326,000 after buying an additional 542 shares during the last quarter. Finally, Councilmark Asset Management LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $6,296,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.1 %

NYSE:HD opened at $405.60 on Friday. The business’s fifty day moving average price is $397.67 and its 200 day moving average price is $365.56. The firm has a market capitalization of $402.88 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.83 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $3.81 EPS. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HD shares. Oppenheimer lifted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Bank of America upped their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Sanford C. Bernstein started coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. One equities 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $426.00.

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.