Key Client Fiduciary Advisors LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Key Client Fiduciary Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,434 shares of the home improvement retailer’s stock after purchasing an additional 220 shares during the period. Home Depot comprises about 0.8% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 27th largest holding. Key Client Fiduciary Advisors LLC’s holdings in Home Depot were worth $1,797,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HD. Fairway Wealth LLC bought a new position in Home Depot in the second quarter worth $25,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter worth about $33,000. Denver PWM LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $40,000. Abich Financial Wealth Management LLC boosted its position in shares of 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 in the last quarter. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Home Depot in the 1st quarter worth approximately $49,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Home Depot stock opened at $415.00 on Friday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a market capitalization of $411.52 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.88 and a beta of 1.00. The stock has a fifty day moving average of $385.10 and a two-hundred day moving average of $358.50. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 EPS. On average, analysts anticipate 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. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Piper Sandler lifted their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $404.69.

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.