GM Advisory Group LLC Has $1.74 Million Position in The Home Depot, Inc. (NYSE:HD)

GM Advisory Group LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,056 shares of the home improvement retailer’s stock after selling 113 shares during the quarter. GM Advisory Group LLC’s holdings in Home Depot were worth $1,741,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Gilbert & Cook Inc. grew its stake in Home Depot by 3.9% in the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after acquiring an additional 158 shares during the period. Aveo Capital Partners LLC grew its position in shares of Home Depot by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after purchasing an additional 122 shares during the period. 9258 Wealth Management LLC increased its stake in Home Depot by 4.2% during the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after purchasing an additional 557 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in Home Depot by 161.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,188,000 after buying an additional 3,923 shares during the period. Finally, TrinityPoint Wealth LLC lifted its stake in Home Depot by 4.1% in the fourth quarter. TrinityPoint Wealth LLC now owns 9,840 shares of the home improvement retailer’s stock valued at $3,410,000 after buying an additional 387 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HD shares. DA Davidson raised their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI dropped their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Price Performance

Shares of NYSE HD opened at $390.39 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The business’s 50 day moving average price is $364.35 and its two-hundred day moving average price is $354.38. The company has a market cap of $387.12 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio 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.