Marks Group Wealth Management Inc Has $586,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Marks Group Wealth Management Inc lessened its position in The Home Depot, Inc. (NYSE:HD) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,446 shares of the home improvement retailer’s stock after selling 31 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Home Depot were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in Home Depot during the second quarter worth $33,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the 3rd quarter valued at $46,000. Denver PWM LLC acquired a new position in Home Depot during the 2nd quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC grew its position in Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HD shares. Wells Fargo & Company upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday. Melius Research initiated coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Morgan Stanley boosted their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $416.37.

Home Depot Price Performance

Shares of HD stock opened at $388.19 on Thursday. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. 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 firm’s 50 day moving average is $393.80 and its 200-day moving average is $363.10. The firm has a market capitalization of $385.59 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.74 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $4.65 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.32%. Home Depot’s dividend payout ratio is currently 60.57%.

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.