Ergawealth Advisors Inc. Takes $206,000 Position in The Home Depot, Inc. (NYSE:HD)

Ergawealth Advisors Inc. purchased a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 508 shares of the home improvement retailer’s stock, valued at approximately $206,000.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on HD shares. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Piper Sandler boosted 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $412.00.

Home Depot Stock Performance

Shares of HD opened at $398.97 on Friday. The company has a market cap of $396.29 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 2.78 and a beta of 1.00. The business’s fifty day simple moving average is $389.08 and its two-hundred day simple moving average is $359.73. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month 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 released its quarterly earnings data 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 company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $4.65 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is 60.57%.

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.