RBA Wealth Management LLC Buys 215 Shares of The Home Depot, Inc. (NYSE:HD)

RBA Wealth Management LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,299 shares of the home improvement retailer’s stock after acquiring an additional 215 shares during the period. Home Depot makes up approximately 2.1% of RBA Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. RBA Wealth Management LLC’s holdings in Home Depot were worth $5,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the third quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.5 %

Shares of HD opened at $399.64 on Thursday. The stock’s 50-day moving average price is $388.23 and its two-hundred day moving average price is $359.43. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $421.56. The company has a market capitalization of $396.29 billion, a PE ratio of 26.80, a PEG ratio of 2.88 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its 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. 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 for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Melius Research initiated coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday. They set a “market perform” rating and a $451.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada reduced their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $410.67.

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.