Souders Financial Advisors Grows Position in The Home Depot, Inc. (NYSE:HD)

Souders Financial Advisors boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,227 shares of the home improvement retailer’s stock after buying an additional 320 shares during the quarter. Home Depot makes up 1.0% of Souders Financial Advisors’ investment portfolio, making the stock its 26th largest holding. Souders Financial Advisors’ holdings in Home Depot were worth $6,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp grew its stake 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 acquiring an additional 135 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares during the period. Private Management Group Inc. boosted its stake in Home Depot by 7.8% in the 1st quarter. Private Management Group Inc. now owns 1,511 shares of the home improvement retailer’s stock worth $580,000 after purchasing an additional 109 shares during the period. Charles Schwab Investment Advisory Inc. boosted its stake in Home Depot by 3.1% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 1,305 shares of the home improvement retailer’s stock worth $500,000 after purchasing an additional 39 shares during the period. Finally, D Orazio & Associates Inc. boosted its stake in Home Depot by 8.3% in the 1st quarter. D Orazio & Associates Inc. now owns 2,864 shares of the home improvement retailer’s stock worth $1,099,000 after purchasing an additional 220 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

NYSE:HD opened at $403.17 on Wednesday. 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 company has a market capitalization of $400.46 billion, a P/E ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $287.24 and a 12 month high of $421.56. The business’s 50-day moving average is $396.76 and its 200 day moving average is $365.25.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 earnings per share. On average, equities research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed 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 of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.23%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HD. Mizuho raised their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley raised their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Melius Research began coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Finally, TD Cowen raised their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $423.74.

About Home Depot

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.