Archford Capital Strategies LLC Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Archford Capital Strategies LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 3.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,330 shares of the home improvement retailer’s stock after purchasing an additional 264 shares during the quarter. Archford Capital Strategies LLC’s holdings in Home Depot were worth $2,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Amundi acquired a new stake in shares of Home Depot during the second quarter worth about $1,029,293,000. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Home Depot during the second quarter worth about $197,167,000. Liberty Wealth Management LLC lifted its position in shares of Home Depot by 32,444.6% during the second quarter. Liberty Wealth Management LLC now owns 616,070 shares of the home improvement retailer’s stock worth $1,932,000 after purchasing an additional 614,177 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Home Depot by 45.6% during the second quarter. American Century Companies Inc. now owns 1,835,172 shares of the home improvement retailer’s stock worth $585,218,000 after purchasing an additional 574,482 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Home Depot by 5.5% during the second quarter. Alliancebernstein L.P. now owns 9,931,114 shares of the home improvement retailer’s stock worth $3,166,933,000 after purchasing an additional 520,162 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors.

In related news, EVP Teresa Wynn Roseborough sold 18,878 shares of the stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $395.19, for a total transaction of $7,460,396.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard V. Mcphail sold 14,544 shares of the stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $392.83, for a total value of $5,713,319.52. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Shares of Home Depot stock opened at $412.11 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 35.47. The firm has a market capitalization of $434.92 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.18 and a beta of 1.00. The firm’s 50 day moving average is $358.68 and its two-hundred day moving average is $334.77. The Home Depot, Inc. has a 52 week low of $246.59 and a 52 week high of $416.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 16th. The home improvement retailer reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.51. The business had revenue of $36.82 billion for the quarter, compared to analyst estimates of $34.87 billion. Home Depot had a net margin of 10.79% and a return on equity of 786.90%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $3.18 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 16th. Stockholders of record on Thursday, December 2nd will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.60%. Home Depot’s dividend payout ratio (DPR) is presently 44.12%.

HD has been the topic of several research reports. OTR Global cut shares of Home Depot to a “positive” rating in a research report on Tuesday, August 10th. Jefferies Financial Group increased their price target on shares of Home Depot from $369.00 to $455.00 and gave the stock a “buy” rating in a research report on Wednesday, November 17th. Truist upped their target price on shares of Home Depot from $325.00 to $420.00 and gave the stock a “hold” rating in a research note on Wednesday, November 17th. They noted that the move was a valuation call. Truist Securities upped their target price on shares of Home Depot from $325.00 to $420.00 and gave the stock a “hold” rating in a research note on Wednesday, November 17th. Finally, Morgan Stanley upped their target price on shares of Home Depot from $370.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 17th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Buy” and a consensus target price of $406.17.

Home Depot Company Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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