The Home Depot, Inc. (NYSE:HD) Shares Sold by Rational Advisors LLC

by · The Markets Daily

Rational Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 73.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 820 shares of the home improvement retailer’s stock after selling 2,216 shares during the quarter. Rational Advisors LLC’s holdings in Home Depot were worth $282,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Bare Financial Services Inc acquired a new stake in Home Depot during the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at approximately $38,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot during the first quarter worth $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot in the fourth quarter worth $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James reissued a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Truist Financial cut their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday, August 13th. Stifel Nicolaus lowered their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Finally, UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

View Our Latest Stock Report on Home Depot

Home Depot Price Performance

HD traded down $1.60 during trading on Monday, reaching $373.99. The stock had a trading volume of 2,450,138 shares, compared to its average volume of 3,440,526. The firm has a market capitalization of $370.85 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a 50 day moving average of $353.93 and a two-hundred day moving average of $353.66.

Home Depot (NYSE:HD – Get Free Report) last released its earnings results 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. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 earnings per share. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.41%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Home Depot Company Profile

(Free Report)

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.

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