Consolidated Capital Management LLC Buys Shares of 537 The Home Depot, Inc. (NYSE:HD)

Consolidated Capital Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 537 shares of the home improvement retailer’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HD. ZWJ Investment Counsel Inc. raised its position in Home Depot by 1.8% in the third quarter. ZWJ Investment Counsel Inc. now owns 91,216 shares of the home improvement retailer’s stock worth $36,961,000 after purchasing an additional 1,579 shares in the last quarter. Mokosak Advisory Group LLC bought a new position in shares of Home Depot during the 3rd quarter worth approximately $214,000. Kowal Investment Group LLC boosted its stake in Home Depot by 8.8% in the 3rd quarter. Kowal Investment Group LLC now owns 4,532 shares of the home improvement retailer’s stock valued at $1,836,000 after buying an additional 368 shares in the last quarter. Horizon Wealth Management LLC bought a new stake in Home Depot in the third quarter valued at $219,000. Finally, B.O.S.S. Retirement Advisors LLC raised its stake in Home Depot by 11.6% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 17,616 shares of the home improvement retailer’s stock worth $7,138,000 after acquiring an additional 1,831 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on HD shares. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Truist Financial lifted their price target on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada reduced 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 research note on Wednesday, August 14th. Melius Research assumed coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Finally, Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot Stock Down 0.2 %

Shares of HD traded down $0.93 during mid-day trading on Thursday, hitting $417.68. 137,029 shares of the company’s stock were exchanged, compared to its average volume of 3,363,455. 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 Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The company has a 50-day simple moving average of $382.42 and a 200 day simple moving average of $357.80. The company has a market cap of $414.18 billion, a PE ratio of 28.08, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The company 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 681.27% and a net margin of 9.71%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Home Depot Company 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.