The Home Depot, Inc. (NYSE:HD) Stake Lifted by Lantz Financial LLC

Lantz Financial LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,010 shares of the home improvement retailer’s stock after acquiring an additional 89 shares during the period. Lantz Financial LLC’s holdings in Home Depot were worth $2,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $38,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot during the first quarter valued at approximately $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the fourth quarter valued at approximately $39,000. Finally, Abich Financial Wealth Management LLC grew its position in 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 valued at $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 Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada decreased their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. HSBC decreased their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Finally, Raymond James restated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Stock Performance

Shares of NYSE:HD opened at $370.84 on Wednesday. The company’s 50 day moving average price is $358.58 and its two-hundred day moving average price is $353.92. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a market cap of $368.35 billion, a PE ratio of 24.87, a PEG ratio of 2.49 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 EPS. The business’s revenue was up .6% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.