The Home Depot, Inc. (NYSE:HD) is Asahi Life Asset Management CO. LTD.’s 7th Largest Position

Asahi Life Asset Management CO. LTD. grew its stake in The Home Depot, Inc. (NYSE:HD) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,558 shares of the home improvement retailer’s stock after buying an additional 578 shares during the quarter. Home Depot makes up 2.6% of Asahi Life Asset Management CO. LTD.’s portfolio, making the stock its 7th biggest holding. Asahi Life Asset Management CO. LTD.’s holdings in Home Depot were worth $4,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Forbes J M & Co. LLP grew its position in shares of Home Depot by 0.3% during the third quarter. Forbes J M & Co. LLP now owns 24,331 shares of the home improvement retailer’s stock worth $9,859,000 after purchasing an additional 74 shares in the last quarter. Welch Group LLC grew its position in shares of Home Depot by 1.0% during the third quarter. Welch Group LLC now owns 170,044 shares of the home improvement retailer’s stock worth $68,902,000 after purchasing an additional 1,647 shares in the last quarter. Inscription Capital LLC grew its position in shares of Home Depot by 2.8% during the third quarter. Inscription Capital LLC now owns 10,758 shares of the home improvement retailer’s stock worth $4,359,000 after purchasing an additional 290 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Home Depot by 0.5% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,123 shares of the home improvement retailer’s stock worth $2,481,000 after purchasing an additional 33 shares in the last quarter. Finally, Southern Capital Advisors LLC grew its position in shares of Home Depot by 39.9% during the third quarter. Southern Capital Advisors LLC now owns 1,280 shares of the home improvement retailer’s stock worth $519,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HD shares. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley increased their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Truist Financial increased their price target 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 increased their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Stock Down 1.9 %

NYSE:HD opened at $395.10 on Wednesday. The Home Depot, Inc. has a 1-year low of $276.96 and a 1-year high of $421.56. The company has a 50-day moving average of $391.17 and a 200 day moving average of $360.80. The firm has a market cap of $391.79 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.78 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.

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, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the firm earned $4.65 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. 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 2.28%. Home Depot’s dividend payout ratio is presently 60.36%.

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.