The Residence Depot, Inc. (NYSE:HD) Shares Bought by Meridian Wealth Advisors LLC

Home Depot logoMeridian Wealth Advisors LLC diminished its stake in shares of The Residence Depot, Inc. (NYSE:HD – Get Score) by 6.5% within the third quarter, Holdings Channel.com studies. The fund owned 16,496 shares of the house enchancment retailer’s inventory after promoting 1,147 shares in the course of the quarter. Residence Depot makes up about 1.3% of Meridian Wealth Advisors LLC’s holdings, making the inventory its sixteenth largest place. Meridian Wealth Advisors LLC’s holdings in Residence Depot have been price $4,552,000 on the finish of the newest reporting interval.

A number of different hedge funds additionally lately added to or diminished their stakes in HD. Measured Wealth Non-public Consumer Group LLC raised its place in shares of Residence Depot by 1.5% in the course of the 2nd quarter. Measured Wealth Non-public Consumer Group LLC now owns 2,294 shares of the house enchancment retailer’s inventory price $629,000 after shopping for an extra 33 shares within the final quarter. Oliver Lagore Vanvalin Funding Group grew its stake in shares of Residence Depot by 5.4% within the 2nd quarter. Oliver Lagore Vanvalin Funding Group now owns 648 shares of the house enchancment retailer’s inventory price $178,000 after buying an extra 33 shares over the past quarter. First Nationwide Corp MA ADV grew its stake in shares of Residence Depot by 1.4% within the 2nd quarter. First Nationwide Corp MA ADV now owns 2,505 shares of the house enchancment retailer’s inventory price $687,000 after buying an extra 35 shares over the past quarter. Private CFO Options LLC grew its stake in shares of Residence Depot by 1.2% within the 2nd quarter. Private CFO Options LLC now owns 2,872 shares of the house enchancment retailer’s inventory price $788,000 after buying an extra 35 shares over the past quarter. Lastly, Perception Folios Inc grew its stake in shares of Residence Depot by 2.1% within the 2nd quarter. Perception Folios Inc now owns 1,730 shares of the house enchancment retailer’s inventory price $475,000 after buying an extra 36 shares over the past quarter. 68.31% of the inventory is owned by institutional buyers and hedge funds.

Analysts Set New Value Targets

A number of fairness analysts have lately issued studies on the inventory. Raymond James minimize shares of Residence Depot from an “outperform” score to a “market carry out” score in a analysis notice on Wednesday, November sixteenth. The Avenue raised shares of Residence Depot from a “c+” score to a “b” score in a analysis report on Tuesday, November fifteenth. Credit score Suisse Group assumed protection on shares of Residence Depot in a analysis report on Tuesday, December twentieth. They issued a “impartial” score and a $335.00 goal worth on the inventory. StockNews.com downgraded shares of Residence Depot from a “purchase” score to a “maintain” score in a analysis report on Monday, November twenty first. Lastly, BNP Paribas downgraded shares of Residence Depot from an “outperform” score to a “impartial” score and set a $286.00 goal worth on the inventory. in a analysis report on Wednesday, October nineteenth. 9 fairness analysis analysts have rated the inventory with a maintain score and seventeen have given a purchase score to the corporate’s inventory. In line with knowledge from MarketBeat, the inventory at present has a mean score of “Reasonable Purchase” and a consensus goal worth of $341.24.

Residence Depot Value Efficiency

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Shares of Residence Depot inventory opened at $320.41 on Friday. The agency has a fifty day easy shifting common of $311.24 and a 200-day easy shifting common of $297.45. The corporate has a present ratio of 1.39, a fast ratio of 0.33 and a debt-to-equity ratio of 32.16. The Residence Depot, Inc. has a 1-year low of $264.51 and a 1-year excessive of $417.84. The inventory has a market capitalization of $328.01 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.71 and a beta of 0.96.

Residence Depot (NYSE:HD – Get Score) final introduced its earnings outcomes on Tuesday, November fifteenth. The house enchancment retailer reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. Residence Depot had a web margin of 10.87% and a unfavorable return on fairness of three,656.69%. The enterprise had income of $38.87 billion for the quarter, in comparison with analyst estimates of $37.96 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $3.92 earnings per share. Residence Depot’s income was up 5.6% in comparison with the identical quarter final 12 months. On common, sell-side analysts anticipate that The Residence Depot, Inc. will submit 16.64 earnings per share for the present 12 months.

Residence Depot Dividend Announcement

The enterprise additionally lately introduced a quarterly dividend, which was paid on Thursday, December fifteenth. Traders of file on Thursday, December 1st got a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized foundation and a yield of two.37%. The ex-dividend date was Wednesday, November thirtieth. Residence Depot’s dividend payout ratio (DPR) is at present 45.81%.

Insider Shopping for and Promoting

In associated information, EVP Fahim Siddiqui bought 2,000 shares of the enterprise’s inventory in a transaction on Thursday, November seventeenth. The shares have been bought at a mean worth of $311.29, for a complete transaction of $622,580.00. Following the transaction, the manager vice chairman now owns 3,928 shares of the corporate’s inventory, valued at $1,222,747.12. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is obtainable at this hyperlink. In different Residence Depot information, Director Paula Santilli bought 1,583 shares of the inventory in a transaction on Wednesday, November sixteenth. The shares have been bought at a mean worth of $315.80 per share, with a complete worth of $499,911.40. Following the acquisition, the director now immediately owns 1,583 shares of the corporate’s inventory, valued at roughly $499,911.40. The transaction was disclosed in a doc filed with the SEC, which is obtainable at this hyperlink. Additionally, EVP Fahim Siddiqui bought 2,000 shares of the enterprise’s inventory in a transaction on Thursday, November seventeenth. The shares have been bought at a mean worth of $311.29, for a complete transaction of $622,580.00. Following the completion of the sale, the manager vice chairman now immediately owns 3,928 shares within the firm, valued at roughly $1,222,747.12. The disclosure for this sale may be discovered right here. 0.17% of the inventory is at present owned by insiders.

Residence Depot Profile

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The Residence Depot, Inc operates as a house enchancment retailer. It operates The Residence Depot shops that promote varied constructing supplies, house enchancment merchandise, garden and backyard merchandise, and décor merchandise, in addition to services upkeep, restore, and operations merchandise The corporate additionally presents set up providers for flooring, cupboards and cupboard makeovers, counter tops, furnaces and central air methods, and home windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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