International Private Wealth Advisors LLC Reduces Stock Position in The Home Depot, Inc. (NYSE:HD)

International Private Wealth Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,112 shares of the home improvement retailer’s stock after selling 46 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Home Depot were worth $450,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the second quarter valued at about $33,000. Denver PWM LLC acquired a new stake in Home Depot in the second quarter valued at about $40,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot in the second quarter valued at about $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD traded down $2.07 during trading on Thursday, reaching $408.12. 398,104 shares of the company’s stock traded hands, compared to its average volume of 3,368,859. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The company has a 50 day moving average of $397.67 and a 200-day moving average of $365.56. The stock has a market capitalization of $405.38 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.81 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current year.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Stifel Nicolaus increased their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Finally, Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday. One investment 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. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

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.