Aaron Wealth Advisors LLC Has $2.94 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

by · The Cerbat Gem

Aaron Wealth Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 6.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,252 shares of the home improvement retailer’s stock after buying an additional 414 shares during the period. Aaron Wealth Advisors LLC’s holdings in Home Depot were worth $2,938,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HD. Alaska Permanent Fund Corp bought a new stake in shares of Home Depot during the first quarter worth approximately $96,000. American National Bank increased its position in Home Depot by 5.0% during the 1st quarter. American National Bank now owns 34,885 shares of the home improvement retailer’s stock worth $13,382,000 after buying an additional 1,671 shares during the period. Selway Asset Management lifted its holdings in shares of Home Depot by 5.0% during the first quarter. Selway Asset Management now owns 21,122 shares of the home improvement retailer’s stock worth $8,102,000 after buying an additional 1,008 shares in the last quarter. Legacy Financial Group LLC bought a new stake in shares of Home Depot in the first quarter valued at about $604,000. Finally, Apella Capital LLC increased its position in Home Depot by 4.3% during the first quarter. Apella Capital LLC now owns 4,685 shares of the home improvement retailer’s stock worth $1,693,000 after acquiring an additional 191 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. Evercore ISI decreased 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 report on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $404.69.

View Our Latest Research Report on HD

Home Depot Trading Down 0.1 %

NYSE HD opened at $415.03 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The business has a 50 day moving average price of $385.10 and a 200-day moving average price of $358.53. The company has a market cap of $411.55 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during 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%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.65 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Home Depot Company 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.

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