Lazari Capital Management Inc. Acquires 43 Shares of The Home Depot, Inc. (NYSE:HD)

Lazari Capital Management Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,144 shares of the home improvement retailer’s stock after purchasing an additional 43 shares during the period. Lazari Capital Management Inc.’s holdings in Home Depot were worth $869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. West Paces Advisors Inc. increased its position in Home Depot by 1.3% in the first quarter. West Paces Advisors Inc. now owns 13,708 shares of the home improvement retailer’s stock worth $5,258,000 after buying an additional 174 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Home Depot by 5.7% during the 1st quarter. Sound Income Strategies LLC now owns 3,358 shares of the home improvement retailer’s stock worth $1,288,000 after acquiring an additional 181 shares during the period. Disciplined Investments LLC purchased a new stake in Home Depot in the 1st quarter worth about $215,000. IAM Advisory LLC lifted its holdings in Home Depot by 3.8% during the first quarter. IAM Advisory LLC now owns 1,336 shares of the home improvement retailer’s stock valued at $513,000 after purchasing an additional 49 shares during the last quarter. Finally, CFM Wealth Partners LLC boosted its position in Home Depot by 8.4% during the first quarter. CFM Wealth Partners LLC now owns 16,619 shares of the home improvement retailer’s stock worth $6,375,000 after purchasing an additional 1,281 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD opened at $399.64 on Thursday. The stock’s 50-day moving average is $388.23 and its 200 day moving average is $359.43. The company has a market cap of $396.29 billion, a PE 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 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 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the previous year, the firm earned $4.65 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on HD shares. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Truist Financial lifted their price objective on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, UBS Group boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, 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.