Collective Family Office LLC Sells 90 Shares of The Home Depot, Inc. (NYSE:HD)

Collective Family Office LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,112 shares of the home improvement retailer’s stock after selling 90 shares during the quarter. Collective Family Office LLC’s holdings in Home Depot were worth $856,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HD. J. W. Coons Advisors LLC boosted its position in Home Depot by 1.0% during the 4th quarter. J. W. Coons Advisors LLC now owns 7,345 shares of the home improvement retailer’s stock valued at $2,546,000 after acquiring an additional 71 shares in the last quarter. Morningstar Investment Services LLC lifted its holdings in shares of Home Depot by 113.4% during the fourth quarter. Morningstar Investment Services LLC now owns 7,686 shares of the home improvement retailer’s stock valued at $2,670,000 after purchasing an additional 4,084 shares during the last quarter. Wealth Quarterback LLC lifted its holdings in shares of Home Depot by 18.7% during the fourth quarter. Wealth Quarterback LLC now owns 2,691 shares of the home improvement retailer’s stock valued at $933,000 after purchasing an additional 424 shares during the last quarter. Waterloo Capital L.P. lifted its holdings in shares of Home Depot by 308.3% during the fourth quarter. Waterloo Capital L.P. now owns 4,773 shares of the home improvement retailer’s stock valued at $1,654,000 after purchasing an additional 3,604 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $107,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE:HD traded down $3.22 during midday trading on Friday, hitting $408.36. The company had a trading volume of 3,989,606 shares, compared to its average volume of 3,392,598. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $412.97. The company has a fifty day moving average of $373.28 and a two-hundred day moving average of $356.40. The company has a market cap of $404.94 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.71 and a beta of 1.00. 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 issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HD. Loop Capital lifted their target price on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday, September 17th. Jefferies Financial Group began coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Stifel Nicolaus lowered their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada decreased their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $398.54.

Home Depot Profile

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.