Milestone Asset Management LLC Buys New Holdings in The Home Depot, Inc. (NYSE:HD)

Milestone Asset Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, HoldingsChannel reports. The fund acquired 683 shares of the home improvement retailer’s stock, valued at approximately $235,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bare Financial Services Inc acquired a new stake in Home Depot during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $38,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot in the 1st quarter worth about $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $39,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.3 %

Shares of Home Depot stock opened at $363.07 on Tuesday. The stock has a market capitalization of $360.03 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a 50 day moving average price of $351.35 and a two-hundred day moving average price of $353.25. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last announced its quarterly 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 business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.65 earnings per share. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.48%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HD. Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. HSBC cut their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Stifel Nicolaus lowered their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Wedbush reiterated an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research note on Friday, May 10th. Finally, DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their price target for the company from $352.00 to $395.00 in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.33.

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.