Birchcreek Wealth Management LLC Sells 291 Shares of The Home Depot, Inc. (NYSE:HD)

Birchcreek Wealth Management LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 13.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,846 shares of the home improvement retailer’s stock after selling 291 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Home Depot were worth $748,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the second quarter valued at $33,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the third quarter worth about $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the second quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Home Depot by 68.0% during the first 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. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Oppenheimer increased their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of HD stock traded up $1.24 during mid-day trading on Friday, hitting $406.96. 327,023 shares of the stock were exchanged, compared to its average volume of 3,368,445. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. The stock has a market capitalization of $404.23 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.83 and a beta of 1.01. The stock’s fifty day simple moving average is $398.55 and its two-hundred day simple moving average is $365.84. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the firm earned $3.81 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 15.06 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. Home Depot’s dividend payout ratio is presently 61.14%.

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.