Diversify Wealth Management LLC Sells 1,137 Shares of The Home Depot, Inc. (NYSE:HD)

Diversify Wealth Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,394 shares of the home improvement retailer’s stock after selling 1,137 shares during the period. Diversify Wealth Management LLC’s holdings in Home Depot were worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. WFA Asset Management Corp grew its position in shares of Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares in the last quarter. Tradewinds Capital Management LLC grew its position in Home Depot by 286.0% during the first quarter. Tradewinds Capital Management LLC now owns 2,764 shares of the home improvement retailer’s stock worth $1,060,000 after buying an additional 2,048 shares in the last quarter. Leeward Financial Partners LLC increased its stake in Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after acquiring an additional 711 shares during the period. OMNI 360 Wealth Inc. raised its holdings in Home Depot by 8.2% in the 1st quarter. OMNI 360 Wealth Inc. now owns 819 shares of the home improvement retailer’s stock valued at $314,000 after acquiring an additional 62 shares in the last quarter. Finally, Trust Co. of Oklahoma lifted its position in shares of Home Depot by 1.3% during the 1st quarter. Trust Co. of Oklahoma now owns 7,711 shares of the home improvement retailer’s stock valued at $2,958,000 after acquiring an additional 99 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $393.80 on Friday. The business has a 50-day moving average of $392.17 and a 200-day moving average of $361.25. 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 company has a market capitalization of $390.50 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $281.61 and a 1 year high of $421.56.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analysts Set New Price Targets

A number of brokerages recently commented on HD. Stifel Nicolaus decreased their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research 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 research report on Monday, August 5th. Oppenheimer upped their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Truist Financial upped their target price on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.