Foster Victor Wealth Advisors LLC grew its position in shares of Home Depot Inc (NYSE:HD) by 47.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,579 shares of the home improvement retailer’s stock after purchasing an additional 508 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Home Depot were worth $358,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Enterprise Trust & Investment Co purchased a new position in Home Depot in the third quarter worth about $27,000. Krane Funds Advisors LLC purchased a new position in Home Depot in the second quarter worth about $25,000. Evolution Wealth Advisors LLC purchased a new position in Home Depot in the second quarter worth about $31,000. MRA Associates USA LLC purchased a new position in Home Depot in the second quarter worth about $34,000. Finally, Thor Advisors LLC purchased a new position in Home Depot in the first quarter worth about $32,000. Hedge funds and other institutional investors own 69.92% of the company’s stock.
Several research analysts have issued reports on the company. Wells Fargo & Co boosted their target price on Home Depot from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Telsey Advisory Group boosted their target price on Home Depot from $210.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. Royal Bank of Canada boosted their target price on Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. SunTrust Banks restated a “hold” rating and set a $208.00 target price on shares of Home Depot in a research report on Wednesday, August 21st. Finally, Loop Capital boosted their target price on Home Depot to $200.00 and gave the company a “hold” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $226.65.
Shares of Home Depot stock traded up $4.12 on Friday, hitting $235.73. 261,365 shares of the company traded hands, compared to its average volume of 3,719,388. The stock’s 50 day moving average price is $227.40 and its 200-day moving average price is $209.35. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $235.49. The company has a market cap of $248.24 billion, a PE ratio of 23.79, a PEG ratio of 2.22 and a beta of 1.05.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. During the same quarter in the previous year, the firm posted $3.05 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that Home Depot Inc will post 10.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Wednesday, September 4th. Home Depot’s dividend payout ratio is presently 55.01%.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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