One Wealth Advisors LLC Acquires 113 Shares of The Home Depot, Inc. (NYSE:HD)

One Wealth Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 15.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 854 shares of the home improvement retailer’s stock after acquiring an additional 113 shares during the quarter. One Wealth Advisors LLC’s holdings in Home Depot were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fairway Wealth LLC bought a new position in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the second quarter worth $33,000. Denver PWM LLC bought a new position in shares of Home Depot during the second quarter worth $40,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Home Depot during the second quarter worth $47,000. Finally, Quarry LP boosted its position in shares of Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after purchasing an additional 36 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective 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 report on Wednesday, October 2nd. Finally, 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 research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Stock Performance

Shares of Home Depot stock traded down $1.11 during trading on Thursday, hitting $417.50. 259,177 shares of the stock were exchanged, compared to its average volume of 3,364,164. The stock has a market capitalization of $414.00 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The company has a fifty day moving average price of $382.42 and a 200-day moving average price of $357.80. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

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.