Capital Management Associates Inc Takes $250,000 Position in The Home Depot, Inc. (NYSE:HD)

Capital Management Associates Inc acquired a new stake in The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 618 shares of the home improvement retailer’s stock, valued at approximately $250,000.

Several other institutional investors have also modified their holdings of HD. KRS Capital Management LLC lifted its stake in shares of Home Depot by 4.3% in the 1st quarter. KRS Capital Management LLC now owns 3,942 shares of the home improvement retailer’s stock valued at $1,512,000 after purchasing an additional 164 shares during the last quarter. OneAscent Wealth Management LLC lifted its stake in shares of Home Depot by 111.4% during the 1st quarter. OneAscent Wealth Management LLC now owns 1,947 shares of the home improvement retailer’s stock worth $747,000 after acquiring an additional 1,026 shares during the last quarter. Webster Bank N. A. lifted its stake in shares of Home Depot by 0.7% during the 1st quarter. Webster Bank N. A. now owns 20,538 shares of the home improvement retailer’s stock worth $7,878,000 after acquiring an additional 139 shares during the last quarter. OneAscent Financial Services LLC lifted its stake in shares of Home Depot by 28.1% during the 1st 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 lifted its stake in shares of Home Depot by 0.6% during the 1st quarter. Norris Perne & French LLP MI now owns 52,865 shares of the home improvement retailer’s stock worth $20,279,000 after acquiring an additional 319 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.9 %

Shares of NYSE:HD opened at $398.91 on Friday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $421.56. The business’s fifty day simple moving average is $389.81 and its 200-day simple moving average is $359.98. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $396.23 billion, a PE ratio of 26.84, a P/E/G ratio of 2.78 and a beta of 1.00.

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

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Oppenheimer raised their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Truist Financial raised their price target on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Morgan Stanley raised their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus decreased their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $412.00.

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.