D Orazio & Associates Inc. Purchases 87 Shares of The Home Depot, Inc. (NYSE:HD)

D Orazio & Associates Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,951 shares of the home improvement retailer’s stock after buying an additional 87 shares during the quarter. D Orazio & Associates Inc.’s holdings in Home Depot were worth $1,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $27,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth $33,000. Burkett Financial Services LLC acquired a new position in Home Depot during the fourth quarter valued at $38,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the first quarter valued at $38,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the fourth quarter worth about $39,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.1 %

Shares of HD stock opened at $370.49 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a 50 day moving average price of $359.31 and a two-hundred day moving average price of $354.03. The company has a market capitalization of $367.38 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00.

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

Home Depot Announces Dividend

The business also recently declared 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 of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.43%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada decreased their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $387.79.

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.