BKM Wealth Management LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

BKM Wealth Management LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent filing with the SEC. The firm bought 748 shares of the home improvement retailer’s stock, valued at approximately $303,000.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at $33,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter worth about $46,000. Denver PWM LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC lifted its position in 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 valued at $48,000 after purchasing an additional 51 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler increased their price target on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $412.00.

Home Depot Stock Performance

Shares of HD stock opened at $398.91 on Monday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The stock’s 50-day moving average price is $389.81 and its 200 day moving average price is $360.04. The stock has a market capitalization of $396.23 billion, a PE 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 data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the business posted $4.65 EPS. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 of this dividend 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 currently 60.57%.

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.