The Home Depot, Inc. (NYSE:HD) Shares Purchased by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,179 shares of the home improvement retailer’s stock after buying an additional 1,103 shares during the period. Elevated Capital Advisors LLC’s holdings in Home Depot were worth $1,693,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. West Paces Advisors Inc. grew its stake in shares of Home Depot by 1.3% in the 1st quarter. West Paces Advisors Inc. now owns 13,708 shares of the home improvement retailer’s stock worth $5,258,000 after purchasing an additional 174 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Home Depot by 5.7% in the first 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 in the last quarter. Disciplined Investments LLC purchased a new position in shares of Home Depot in the first quarter worth approximately $215,000. IAM Advisory LLC boosted its holdings in shares of Home Depot by 3.8% during the first quarter. IAM Advisory LLC now owns 1,336 shares of the home improvement retailer’s stock worth $513,000 after purchasing an additional 49 shares during the period. Finally, CFM Wealth Partners LLC boosted its holdings in shares of 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. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. Truist Financial raised their price target on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Piper Sandler lifted their target price 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. Guggenheim lifted their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada reduced their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $410.67.

Home Depot Stock Performance

Shares of HD stock opened at $399.64 on Thursday. 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 stock has a market cap of $396.29 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The stock has a 50-day moving average of $388.23 and a 200-day moving average of $359.43. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the business posted $4.65 EPS. Home Depot’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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