jvl associates llc Increases Stake in The Home Depot, Inc. (NYSE:HD)

jvl associates llc increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,453 shares of the home improvement retailer’s stock after buying an additional 44 shares during the period. jvl associates llc’s holdings in Home Depot were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. HBW Advisory Services LLC raised its position in shares of Home Depot by 64.1% during the 3rd quarter. HBW Advisory Services LLC now owns 5,075 shares of the home improvement retailer’s stock worth $2,056,000 after acquiring an additional 1,983 shares in the last quarter. Duncan Williams Asset Management LLC boosted its holdings in Home Depot by 41.8% in the third quarter. Duncan Williams Asset Management LLC now owns 3,185 shares of the home improvement retailer’s stock valued at $1,291,000 after purchasing an additional 939 shares in the last quarter. Abacus Wealth Partners LLC increased its stake in Home Depot by 3.7% in the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after purchasing an additional 25 shares during the last quarter. Capital Market Strategies LLC raised its holdings in Home Depot by 1.5% during the third quarter. Capital Market Strategies LLC now owns 6,192 shares of the home improvement retailer’s stock worth $2,509,000 after purchasing an additional 93 shares in the last quarter. Finally, Monterey Private Wealth Inc. lifted its position in shares of Home Depot by 24.5% during the 3rd quarter. Monterey Private Wealth Inc. now owns 2,185 shares of the home improvement retailer’s stock worth $885,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HD shares. Oppenheimer lifted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. DA Davidson lifted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Finally, Evercore ISI dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” 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 given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $398.54.

Home Depot Trading Down 0.8 %

NYSE:HD traded down $3.22 during mid-day trading on Friday, reaching $408.36. The company’s stock had a trading volume of 3,988,730 shares, compared to its average volume of 3,392,598. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $412.97. The company’s fifty day simple moving average is $372.30 and its two-hundred day simple moving average is $356.14. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market cap of $404.94 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the company earned $4.65 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Home Depot Company 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.