Vickerman Investment Advisors Inc. Purchases 50 Shares of The Home Depot, Inc. (NYSE:HD)

Vickerman Investment Advisors Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,024 shares of the home improvement retailer’s stock after acquiring an additional 50 shares during the quarter. Vickerman Investment Advisors Inc.’s holdings in Home Depot were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HD. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter worth $33,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter worth $40,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the third quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Home Depot in the second quarter worth $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 3.0 %

NYSE HD opened at $388.19 on Thursday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market capitalization of $385.59 billion, a PE ratio of 26.12, a PEG ratio of 2.74 and a beta of 1.01. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The business’s 50-day moving average is $393.80 and its 200 day moving average is $363.10.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company 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 annualized dividend and a yield of 2.32%. Home Depot’s payout ratio is 60.57%.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Evercore ISI cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their price target for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Truist Financial raised their price target on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company lifted their price objective on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $416.37.

Home Depot 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.