Atlas Brown Inc. Acquires 141 Shares of The Home Depot, Inc. (NYSE:HD)

Atlas Brown Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,060 shares of the home improvement retailer’s stock after acquiring an additional 141 shares during the quarter. Home Depot accounts for approximately 1.3% of Atlas Brown Inc.’s holdings, making the stock its 21st largest position. Atlas Brown Inc.’s holdings in Home Depot were worth $2,974,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley lifted its position in Home Depot by 1.4% in the 2nd quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock valued at $3,669,058,000 after acquiring an additional 162,299 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Depot by 3.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,142,111 shares of the home improvement retailer’s stock valued at $3,234,219,000 after buying an additional 377,198 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Home Depot by 5.5% during the 2nd quarter. Alliancebernstein L.P. now owns 9,931,114 shares of the home improvement retailer’s stock valued at $3,166,933,000 after buying an additional 520,162 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Home Depot by 3.7% during the 2nd quarter. Fisher Asset Management LLC now owns 7,293,597 shares of the home improvement retailer’s stock valued at $2,325,855,000 after buying an additional 260,413 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Home Depot by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 7,086,283 shares of the home improvement retailer’s stock valued at $2,259,741,000 after buying an additional 360,844 shares during the period. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on HD shares. Truist increased their price target on Home Depot from $325.00 to $420.00 and gave the company a “hold” rating in a report on Wednesday, November 17th. They noted that the move was a valuation call. UBS Group increased their price target on Home Depot from $410.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, November 17th. The Goldman Sachs Group upped their price objective on Home Depot from $390.00 to $428.00 and gave the stock a “buy” rating in a research note on Wednesday, November 17th. Evercore ISI upped their price objective on Home Depot from $385.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 17th. Finally, Wedbush upped their price objective on Home Depot from $340.00 to $410.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 17th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $406.17.

Shares of HD traded up $3.74 during midday trading on Thursday, hitting $412.11. 2,676,339 shares of the company traded hands, compared to its average volume of 3,788,675. The firm has a 50 day moving average of $358.68 and a 200-day moving average of $334.77. The Home Depot, Inc. has a 52 week low of $246.59 and a 52 week high of $416.56. The stock has a market cap of $434.92 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.18 and a beta of 1.00. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.37 and a current ratio of 1.13.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 16th. The home improvement retailer reported $3.92 EPS for the quarter, beating the consensus estimate of $3.41 by $0.51. Home Depot had a net margin of 10.79% and a return on equity of 786.90%. The business had revenue of $36.82 billion during the quarter, compared to the consensus estimate of $34.87 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that The Home Depot, Inc. will post 15.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 16th. Shareholders of record on Thursday, December 2nd will be issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Wednesday, December 1st. Home Depot’s dividend payout ratio (DPR) is presently 44.12%.

In related news, CFO Richard V. Mcphail sold 14,544 shares of the stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $392.83, for a total value of $5,713,319.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 18,878 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $395.19, for a total transaction of $7,460,396.82. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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