MRA Advisory Group lifted its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 304.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,412 shares of the home improvement retailer’s stock after buying an additional 3,321 shares during the quarter. MRA Advisory Group’s holdings in Home Depot were worth $1,556,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HD. Curio Wealth LLC lifted its holdings in shares of Home Depot by 13.5% in the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after acquiring an additional 26 shares during the last quarter. Westfuller Advisors LLC grew its holdings in shares of Home Depot by 2.1% during the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock valued at $456,000 after purchasing an additional 27 shares during the last quarter. Darwin Wealth Management LLC raised its position in Home Depot by 0.5% in the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after purchasing an additional 27 shares during the period. Alesco Advisors LLC lifted its stake in Home Depot by 3.2% in the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after purchasing an additional 27 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida boosted its position in Home Depot by 1.3% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock valued at $749,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Trading Up 1.7%
NYSE HD opened at $355.41 on Friday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The stock has a 50 day simple moving average of $335.75 and a two-hundred day simple moving average of $343.09. The stock has a market cap of $354.39 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 4.03 and a beta of 0.95.
Home Depot Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.6%. Home Depot’s payout ratio is 66.19%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on HD shares. Stifel Nicolaus lowered their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Telsey Advisory Group decreased their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. BNP Paribas Exane lowered their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. HSBC dropped their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Finally, TD Cowen lowered their price target on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.
View Our Latest Report on Home Depot
Home Depot Company Profile
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
See Also
- Five stocks we like better than Home Depot
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
