Alexander Labrunerie & CO. Inc. Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Alexander Labrunerie & CO. Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 24.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,229 shares of the home improvement retailer’s stock after purchasing an additional 243 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in Home Depot were worth $498,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HD. Fairway Wealth LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the second quarter worth about $33,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.5 %

Shares of NYSE HD opened at $399.64 on Thursday. The company has a market capitalization of $396.29 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.88 and a beta of 1.00. 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 company has a 50 day simple moving average of $388.23 and a 200-day simple moving average of $359.43. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for 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%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on HD shares. Morgan Stanley boosted their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Piper Sandler upped their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. One 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $410.67.

Home Depot 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.