DMC Group LLC Sells 75 Shares of The Home Depot, Inc. (NYSE:HD)

DMC Group LLC decreased its stake in The Home Depot, Inc. (NYSE:HD) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,621 shares of the home improvement retailer’s stock after selling 75 shares during the quarter. Home Depot makes up 1.2% of DMC Group LLC’s portfolio, making the stock its 22nd biggest holding. DMC Group LLC’s holdings in Home Depot were worth $1,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HD. Alaska Permanent Fund Corp purchased a new stake in Home Depot in the 1st quarter worth $96,000. Douglas Lane & Associates LLC boosted its stake in shares of Home Depot by 0.9% in the first quarter. Douglas Lane & Associates LLC now owns 29,676 shares of the home improvement retailer’s stock worth $11,384,000 after acquiring an additional 259 shares during the period. International Assets Investment Management LLC grew its position in shares of Home Depot by 10.5% during the first quarter. International Assets Investment Management LLC now owns 17,762 shares of the home improvement retailer’s stock worth $6,537,000 after purchasing an additional 1,691 shares in the last quarter. Crestmont Private Wealth LLC raised its stake in Home Depot by 34.8% during the 1st quarter. Crestmont Private Wealth LLC now owns 1,212 shares of the home improvement retailer’s stock valued at $465,000 after purchasing an additional 313 shares during the period. Finally, Unique Wealth LLC lifted its holdings in Home Depot by 5.4% in the 1st quarter. Unique Wealth LLC now owns 2,351 shares of the home improvement retailer’s stock worth $902,000 after purchasing an additional 121 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada cut their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Evercore ISI decreased their price target on shares of 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 cut 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. Finally, Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $404.69.

Home Depot Price Performance

Home Depot stock opened at $415.00 on Monday. The stock has a market cap of $411.52 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The firm has a 50-day moving average of $385.10 and a two-hundred day moving average of $358.49. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56. 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 announced its quarterly earnings data 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. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 earnings per share. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s payout ratio is currently 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.