The Home Depot, Inc. (NYSE:HD) Shares Sold by Heritage Financial Services LLC

Heritage Financial Services LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,451 shares of the home improvement retailer’s stock after selling 87 shares during the period. Heritage Financial Services LLC’s holdings in Home Depot were worth $588,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Home Depot during the 1st quarter worth about $513,016,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Home Depot during the 1st quarter worth about $301,364,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.9 %

Shares of NYSE HD opened at $398.91 on Friday. The company has a 50 day simple moving average of $389.81 and a 200-day simple moving average of $359.98. The company has a market capitalization of $396.23 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.78 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. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.65 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced 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 of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Oppenheimer increased their target price 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. Morgan Stanley increased their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. UBS Group raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Stifel Nicolaus decreased their price target 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. Finally, DA Davidson raised their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $412.00.

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.