Cross Staff Investments Inc Acquires 49 Shares of The Home Depot, Inc. (NYSE:HD)

Cross Staff Investments Inc raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,702 shares of the home improvement retailer’s stock after acquiring an additional 49 shares during the quarter. Home Depot makes up 1.8% of Cross Staff Investments Inc’s investment portfolio, making the stock its 10th biggest holding. Cross Staff Investments Inc’s holdings in Home Depot were worth $2,311,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. KRS Capital Management LLC increased its position in shares of Home Depot by 4.3% during the first quarter. KRS Capital Management LLC now owns 3,942 shares of the home improvement retailer’s stock worth $1,512,000 after purchasing an additional 164 shares in the last quarter. OneAscent Wealth Management LLC lifted its stake in Home Depot by 111.4% in the first quarter. OneAscent Wealth Management LLC now owns 1,947 shares of the home improvement retailer’s stock valued at $747,000 after buying an additional 1,026 shares during the last quarter. Webster Bank N. A. boosted its holdings in shares of Home Depot by 0.7% in the first quarter. Webster Bank N. A. now owns 20,538 shares of the home improvement retailer’s stock valued at $7,878,000 after acquiring an additional 139 shares during the period. OneAscent Financial Services LLC grew its position in shares of Home Depot by 28.1% during the first quarter. OneAscent Financial Services LLC now owns 5,441 shares of the home improvement retailer’s stock worth $2,087,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its holdings in shares of Home Depot by 0.6% in the 1st quarter. Norris Perne & French LLP MI now owns 52,865 shares of the home improvement retailer’s stock valued at $20,279,000 after acquiring an additional 319 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports 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. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. Stifel Nicolaus dropped their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, Royal Bank of Canada decreased their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $412.00.

Home Depot Trading Down 0.9 %

Shares of HD opened at $398.91 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 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 firm has a 50 day simple moving average of $389.81 and a 200-day simple moving average of $359.98. The stock has a market cap of $396.23 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.65 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued 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 dividend yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is presently 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.