Ensign Peak Advisors Inc Cuts Position in The Home Depot, Inc. (NYSE:HD)

Ensign Peak Advisors Inc trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,285,918 shares of the home improvement retailer’s stock after selling 25,569 shares during the period. Home Depot makes up approximately 0.8% of Ensign Peak Advisors Inc’s holdings, making the stock its 19th largest position. Ensign Peak Advisors Inc’s holdings in Home Depot were worth $442,664,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wulff Hansen & CO. grew its position in Home Depot by 33,540.9% during the 2nd 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 first quarter valued at approximately $513,016,000. Capital Research Global Investors increased its position in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 15.0% in 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 during the last quarter. Finally, Swedbank AB bought a new position in Home Depot in the 1st quarter valued at approximately $301,364,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HD shares. Royal Bank of Canada lowered their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised their price target 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. UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Evercore ISI lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $389.04.

Home Depot Stock Down 0.1 %

HD opened at $389.97 on Friday. The stock has a market cap of $386.70 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The firm’s fifty day moving average is $364.95 and its 200 day moving average is $354.45. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 earnings per share. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid 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 2.31%. 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.