The Home Depot, Inc. (NYSE:HD) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,050 shares of the home improvement retailer’s stock after acquiring an additional 1,659 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Home Depot were worth $8,124,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HD. Fairway Wealth LLC acquired a new stake in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the 2nd quarter valued at approximately $47,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock opened at $392.59 on Friday. The stock has a market cap of $389.96 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $286.79 and a 12 month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The business has a fifty day simple moving average of $392.51 and a 200-day simple moving average of $361.82.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.65 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HD. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price on the stock. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. Royal Bank of Canada decreased their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $413.48.

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.