The Home Depot, Inc. (NYSE:HD) is King Luther Capital Management Corp’s 9th Largest Position

King Luther Capital Management Corp cut its holdings in The Home Depot, Inc. (NYSE:HD) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,233,365 shares of the home improvement retailer’s stock after selling 7,585 shares during the quarter. Home Depot comprises 1.9% of King Luther Capital Management Corp’s investment portfolio, making the stock its 9th biggest holding. King Luther Capital Management Corp’s holdings in Home Depot were worth $424,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $27,000. Kings Path Partners LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $33,000. Burkett Financial Services LLC purchased a new position in Home Depot during the 4th quarter valued at about $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the first quarter worth about $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. Royal Bank of Canada lowered their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Evercore ISI dropped their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. DA Davidson upped their target price on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Loop Capital lifted their price target on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Stifel Nicolaus reduced their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $389.04.

Home Depot Stock Performance

Home Depot stock opened at $390.39 on Friday. The company has a market cap of $387.12 billion, a PE ratio of 26.18, a P/E/G ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a fifty day moving average price of $364.35 and a two-hundred day moving average price of $354.38. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

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

Home Depot Dividend Announcement

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