Integrated Advisors Network LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Integrated Advisors Network LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 4.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,870 shares of the home improvement retailer’s stock after buying an additional 864 shares during the period. Integrated Advisors Network LLC’s holdings in Home Depot were worth $8,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Fairway Wealth LLC bought a new stake in Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $33,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the 3rd quarter valued at $46,000. Denver PWM LLC bought a new stake in Home Depot in the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 51 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 1.9 %

Shares of NYSE HD opened at $395.10 on Wednesday. The Home Depot, Inc. has a 1-year low of $276.96 and a 1-year high of $421.56. The business has a fifty day moving average price of $391.17 and a 200 day moving average price of $360.80. The stock has a market capitalization of $391.79 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.28%. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HD shares. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada decreased their price target on 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

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.