The Home Depot, Inc. (NYSE:HD) Shares Acquired by Fermata Advisors LLC

by · The Cerbat Gem

Fermata Advisors LLC boosted its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 8.1% in the third quarter, HoldingsChannel.com reports. The firm owned 1,488 shares of the home improvement retailer’s stock after purchasing an additional 112 shares during the quarter. Fermata Advisors LLC’s holdings in Home Depot were worth $603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Abacus Wealth Partners LLC increased its position in Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after acquiring an additional 25 shares during the period. Ruedi Wealth Management Inc. raised its position in shares of Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 27 shares in the last quarter. Acorn Creek Capital LLC raised its position in shares of Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after buying an additional 28 shares in the last quarter. Talisman Wealth Advisors LLC boosted its stake in shares of Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after buying an additional 29 shares during the period. Finally, LMG Wealth Partners LLC grew its position in Home Depot by 1.7% during the second quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock worth $588,000 after buying an additional 29 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HD shares. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a report on Wednesday. Piper Sandler upped their price objective 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. Guggenheim raised their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.38.

Read Our Latest Stock Analysis on Home Depot

Home Depot Stock Performance

Home Depot stock traded up $2.07 during mid-day trading on Friday, reaching $412.03. 940,400 shares of the company’s stock were exchanged, compared to its average volume of 3,380,457. 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 business’s fifty day simple moving average is $377.21 and its 200 day simple moving average is $357.09. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03. The firm has a market capitalization of $409.27 billion, a PE ratio of 27.63, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the business posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.57%.

About Home Depot

(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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