Concord Wealth Partners Buys 527 Shares of The Home Depot, Inc. (NYSE:HD)

Concord Wealth Partners grew its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 4.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,114 shares of the home improvement retailer’s stock after acquiring an additional 527 shares during the period. Concord Wealth Partners’ holdings in Home Depot were worth $4,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter worth approximately $25,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter valued at $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.9 %

Shares of HD opened at $395.10 on Wednesday. The firm’s 50-day moving average price is $391.17 and its 200-day moving average price is $360.80. The firm has a market capitalization of $391.79 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.78 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 1-year low of $276.96 and a 1-year high of $421.56.

Home Depot (NYSE:HDGet Free Report) last announced its 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 firm had revenue of $43.18 billion for the quarter, compared to analyst estimates 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 for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HD shares. JPMorgan Chase & Co. raised their price objective 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. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Wednesday, October 2nd. Piper Sandler lifted their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, 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 research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.48.

View Our Latest Analysis on HD

Home Depot Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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