E. Ohman J or Asset Management AB Sells 2,120 Shares of The Home Depot, Inc. (NYSE:HD)

E. Ohman J or Asset Management AB lessened its position in The Home Depot, Inc. (NYSE:HD) by 5.0% in the 3rd quarter, Holdings Channel reports. The firm owned 40,300 shares of the home improvement retailer’s stock after selling 2,120 shares during the period. E. Ohman J or Asset Management AB’s holdings in Home Depot were worth $16,330,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the second quarter worth $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the second quarter worth $40,000. Livelsberger Financial Advisory bought a new stake in Home Depot in the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot in the 2nd quarter worth $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HD shares. Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Piper Sandler lifted their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. 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 company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $412.00.

Home Depot Stock Performance

Shares of NYSE HD opened at $398.91 on Friday. The Home Depot, Inc. has a one year low of $274.26 and a one 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 market cap of $396.23 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.78 and a beta of 1.00. The stock’s fifty day moving average price is $389.81 and its two-hundred day moving average price is $359.98.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $4.65 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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